I have nailed down a 63 unit mobile home park with excellent cap rate to purchase and have a letter of intent with the owner with a purchase price of $750,000.  

This leaves you money for reserves.To preserve what's left of your out of pocket funds, request a Seller concession for your closing costs. 

Bart, you pretty much nailed my flip trepidations, over budget, and taking too much time.

Joe hit the nail on the head!

You have a better chance of preserving these appliances if they don't operate while submerged.  

Jeongmin,A couple of posts here really nailed it in regards to capital gains taxation vs ordinary income.

If they want to preserve their eviction free record, the rent has to be paid.

@Mark RobinsonGood- builds and preserves wealthBad-signing personally on a plan loan. 

I agree that FB ads may be a good idea and Jake nailed it with the wait and see approach.

I found that when the appliance hits it's natural expiration date, it made more sense to just replace the appliance instead of repeatedly calling the warranty, who will fight you tooth and nail to NOT replace the appliance.