It's rare for a consumer to shop this.e) Location specific question.

Documentation doesn't prevent disagreements....and it could spiral into a big time-consuming problem.

I have read a number of books and consume as many podcasts as I can daily.Thanks,Chris

I can't help with the auction process, but I do know (from talking to people) that running a RV park can be very difficult and time consuming.

It will be a modest property but if you purchase right you should be able to cashflow $300 or so a month (at least that would be your goal, if you can cashflow more, great, if it wont cashflow that much it might not be the right investment).

These are business purpose loans, not consumer credit.You didn't mention your relationship with this individual or their experience.

Assuming it ends in July or that they are month to month already, 30-day written notice is fine. http://www.ag.idaho.gov/publications/consumer/LandlordTenant.pdf

I'm looking for modest homes - under $150k - I have "good" credit - and only a small amount of monthly debts. 

I'm a new investor with a career in CPG (consumer packaged goods) sales and distribution.

The South Korean Teacher's Pension fund, or the entity managing your Roth IRA, or whatever, that buys the mortgage backed security wants the safe asset paying a steady ROI, but doesn't want to deal with consumers directly at the point of origination.