I suppose some situations that are well defined (like a clear "one time" deal) and involve sophisticated parties (that know the risks) may work, but if you can stand on your own two feet and make your own deal, all the better.

Matt Faix I think those folks are typically a little more sophisticated that to fall for every silly think that comes in the mail.

your being presumptuous that she is not sophisticated or accredited.. if she amassed 750k in cash she could be both and a lawyer simply is not needed.if she is old and there is a question then I agree..

Most sophisticated park owners would tell you to run the numbers on unoccupied lots only and make sure it works.

He's a very sophisticated owner and was the one who brought up the topic.As far as paperwork is concerned, it's no different than buying any property.

I had my own business when I had that business when I had that brain anuerism and a stroke I found out that they would only pay me if I had been on a payroll the last 6 months and I could run my business without a paycheck that gave them tax money.  

Hi @Jay Hinrichs - I see you're very active on BP, so I appreciate you chiming in.However, in your statement you make very many incorrect assumptions and broad stroke generalizations as they apply to my experience, financial status and overall understanding of the people I am working with.While I do appreciate the dialog with you I am not looking to debate incorrect assumptions and generalizations that may not apply to what I may or may not have & the sophistication of the folks I am engaging with. 

I just purchased Excel so I can have a more sophisticated and professional way to keep track of my rents received and profit/loss etc.

Hard Money lenders are usually more sophisticated and professional in the way they lend money.

Properties larger than 100 units tend to have more sophisticated owners...and many of them are deeply entrenched in their markets and know every broker in town.