They are the ones lending the money, so it's best to go straight to the source.I always recommend you have a written lease and pay rent, just like the other tenants.

As an INFOMRMED educated person will readily identify, this Harris "slogan" is straight out of the "play book" targeting what they coin "useful idiots". 

I don't think that's a good idea, you are not getting much of a discount, the property needs a lot of work and you don't have the capital (25% down plus rehab) or the experience to take it on.Most important for your first deal is that you have a good experience and not lose money.

Also I only had 2 quotes from two different plumbing companies to repipe, one quoted me 72k with 8k discount, one says 40k. 

@Ali Ahmed I am not affiliated with @Mark Ainley but you may be able to find the list he referenced here on the Straight Up Chicago Investor's Podcast website.

If the investor acquires any of the other liens on the property--such as subordinate mortgages or judgment liens--at a discount, then the redeeming party must also pay the full face amount of those liens in order to redeem.Alabama law is very clear, it is the value of the improvements, not the cost.

I was purchasing at discount (discount from appraised value), it had a significant value add, and was in a market that neighborhoodscout shows 10/10 for this century. 

Then discounting that value by a certain amount or % probably makes sense, since a potential buyer may discount it due to the presence of the MHP (mobile home park).

I own over 200 units and have separate bank accounts for each LLC to keep things smooth and straight forward.

When we bought this note at a $1 million + discount, I not only paid him the $40k he asked for - I added a $100,000.00 bonus!