You might want to try and make some of the Commissioner of State Land's tax auctions while you are traveling through Arkansas.

That covers it all.Not only is there zero wiggle room there, my own broker who is also a MA state commissioner confirms it.

-----------------------------------------------------------------------------Get the name of the head of agency (perhaps from the operatr there) xall his/her office and ask to speak to the commissioner or what ever his title is.  

In particular, as a European if you know the right bankers it will be very easy for you to open accounts within private banks (especially in Asia).

@Vickie Bruce  Has the subdivision been approved by the County Commissioners?

Commissioner [Dec. 34,152], 67 T.C. 804, 807 (1977).

I need to talk to the commissioner and get that cleared up because the HOA's are $600 a month and just one years worth of arears could take huge chunk out of my margin.

Commissioner, 109 TC (1997)] the court determined that Congress intended to distinguish between components that constitute section 1250 (real property) and section 1245 property (tangible personal property).

But only after waiting the seller out,,, sometimes 6 months or longer.45 pads x $180 lot rent a month x 12 x (expense ratio see bellow) = NOI  / cap rate = offerExpense ratio is no less than 50% for 100% park owned homes, as low as 30% for 100% lot rent and city utilities.so:45 x 180 x 12 x .7 = 68040 / 0.14 = $486k I adjusted the offer price re the high risk for lagoon and well in the cap rate offered.I'd only offer if there are NO issues at the city, county and state regulatory and those gov executive branches (elected commissioners, state reps, city mayor and board) plus of course the carreer regulators in the various inspector and permitting offices.  

Each such agencies generally have a governing body, like a board of governors, board of commissioners, etc. usually political appointees.