As doomsday scenarios go, this isn’t terrible.Now switch to my mobile home park and consider the same factors.Rent - low rent payers ($200 per lot for 15 lots),Credit – my residents probably have mediocre credit at best,Building – I own nothing here, as the residents own their mobile homes.Site Improvements – I own nothing here, as there really are no site improvements to speak of,Zoning – zoned for the parkReal Estate - an otherwise poorly located piece of ground jammed up against an airport.The seller/owner created the park 15 years ago and claims to have never had a vacancy, so if my doomsday scenario hits and all the trailers are wiped out by a tornado, I’m left with a poorly positioned piece of ground which I suppose I would eventually repopulate with mobile homes.So why consider this at all?

I make sure I know when they are supposed to have appraisal and title done and then stay on top of contract date which usually has the rest of deposit and loan commitment date.

Our lawyer is out of town for the next 2 weeks....what am I supposed to do with this mess?

I suppose if anything had a 33% ROI my rollover time table would work, but netting $1000 a month in cashflow would make the long term goal take much longer. 

B probably was suppose to pay the mortgage.

I suppose I can be more transparent, the industry is more of a hospitality/service type.  

Because I'm still in the education phase of this journey I suppose I should have said "opportunity" instead of deal.  

Normally the seller is supposed to direct all transactions through their realtor, but it all depends on the contract they have with each other

She was supposed to close on the property today however the investor contacted her on Friday letting her know they cant get in contact with the HOA, therefore the have not started the approval process.

I saw some recommendations from other threads, but not sure if the specialties align (although anyone can create an LLC and draft an operating agreement I suppose).Also, are closings typically done by title/escrow or an attorney?