The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…

Please be nice and humane to them.Trump already declared Landlords as callous money grubbers.   

In 2003 SARS was thought to have come from a "never before seen by humans type of coronavirus" Does this sound familiar. 

For the next month or two or whatever time we as a society need to transition to a new normal, to overcome this initial fear, I'm in favor of keeping everyone in place.Regardless of how borrowers have acted in the past, they are still human beings and we all need to stick together, practice social distancing to "flatten the curve" until things settle down.

Beyond that period you could do so, knowing that you forfeit your earnest money (if relevant in your state).Regarding revising the price -- In my opinion I'd say if your local market is going to pot because everybody, or most bodies, are in your situation then it COULD be worth talking to your agent about. 

Airbnb asked Congress to bump that limit up to 60 days.Finally, the company asked the body to encourage lenders to offer low-interest loans to hosts, using tax cuts or other such incentives...”It will be interesting to see what, if any measures are passed to assist property owners.

As we all know Erie has a weaker economy with a higher unemployment rate than the national average though from Youtube videos I've been watching buyers are getting cold feet across the country, which is human nature.However, with interest rates being so low the people with sense will buy, whether investors or potential homeowners. 

I aim to help my tenants where necessary.And because it is Lent, I will throw down a little Matthew: So when you give alms, do not have it trumpeted before you; this is what the hypocrites do in the [churches] and in the streets to win human admiration.

If you would like to ask the SBA directly I find the New Hampshire 9am and 2pm EST call a great way to actually talk to a human there.The conference call number for the SBA in NH is 2O2-765-I264 entry code is 522409519#I suggest all with nuanced questions to give these conference calls a try.

Because it's so much easier to justify screwing over someone that's only about money than someone that has shown humanity.