I make it clear what I'm looking for and what they're looking for matches.As for screening...I look through all of their pictures and a lot of their posts and use my best judgement on who they are.

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…

When it rains, it pours.

He was found and look what happened to him.Another lady who worked there had several hundred thousand dollars in judgements against her.

This is at a minimum; many transactions will also include one or more of the following: assignment of rents, default judgement, fixtures, furnishings and equipment lien, notification of legal representation, additional security interest document, correction agreement, UCC filing, notice of fees, Usury acknowledgement, extension fee agreement, non homestead affidavit, truth in lending acknowledgment, and probably a few more that I’m unfamiliar with.If you’re asking about interest rate and loan terms, a general guideline is that interest rates can be as low as 6% and as high as state usury laws allow, usually 18-24%.

If you don't show up in court, the landlord is usually granted a default judgement.

@Nicole Vincent, i dont want to rain on your parade, especially as i havent seen the property and make my comments based on assumptions and personal experience, BUT... additionally to all the great comments ahead of mine;As this is in Florida you also want to think about the strict building inspections when rehabbing.

You can just hope the umbrella policy covers the amount of judgement.   

Good Credit score, job history and no evictions on his record, however I went against my better judgement as he didnt have a rental history. 

I know that as middle class All-American white kid I’ve had it pretty good and I am not sitting in judgement or expect anyone to listen to me lecture them about anything, especially some guy or gal in the innercity.