Under SB 567, the notice to terminate tenancy must include a description of the work to be completed, copies of required permits, the date the owner expects to complete the work or demolish the building, and notification that if the substantial remodel or demolition is not commenced or completed, the tenant must be offered the opportunity to re-rent the unit at the same rent and lease terms as when the tenant left.

I have read extensively on this site about coin op vs non coin op and the opinions are decidedly mixed.

I plan on doing the site seeing before the conference.  

@Brandon Yuan make sure to visit the Texas PUC site too for guidance on implementation.

You will essentially be buying a pad site so you would have to build new.Also realize what you will pay to insure that in the future as part of your costs

But the contracting businesses get 1/3 down at contract signing . 1/3 when we start on site , and final upon completion . 

Start by noting the date of the furnace and air conditioning unit—old units may need to be replaced.Some mobile homes were not manufactured to have air conditioners, so it should be a big red flag if you see window air conditioner units.

If you want to figure out the value logically, you can create a spreadsheet that will show your cost of financing and principle paydown on an annual basis to figure out the break-even date between the seller-financing price vs paying market price, but with bank financing.You mentioned a 40-year term, but is there a balloon?

I do have the actual rental income for the past 3 yrs at 69K, 55K, and this year 40K to date as of beginning of Aug. 

It should have a specific start date and end date.