It's an asset that provides stable predictable income as well as appreciation and tax benefits next step buy yourself a Bently and celebrate. 

Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?

Park managers and mobile home dealerships in the local area can also provide you with this kind of information.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

This will provide you two benefits:1) Help you better define the position, so you can hire a better matched person2) Make training the next person easier

I can definitely provide a recommendation.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Good luck on your journey and I hope you provide the financial security you hope for to your daughters. 

Have you tried going directly through your insurance provider?  

We allow cats and most dog breeds except for the following:- any breeds/mixes known under common parlance as “Pit Bull”- Rottweiler- Doberman Pinscher- German Shepherd- Alaskan Malamute / Siberian Husky- Chow Chow- Presa Canario- Cane Corso- Mastiff- Great Dane- St.