Come out and meet with some local investors and see what everyone is up to. I

My loan broker works with a lot of banks so he was able to find me one that will allow btwn 50-55% DTI (most banks will only let you go up to I think 41-43%).I think finding a good mortgage broker is key as he/she has a relationship with a lot of banks (esp those with less strigent standards than the "big" banks).

It's definitely sad to see places fall apart, but even savvy investors would have to buy and hold I mean hold for a long time because if your population has dwindled who are you going to rent it to? I

Another thing you'll want to consider going forward is to clarify during your pre-screening whether the person you're talking to is the sole decision-maker.

I schedule a couple 1-hour open houses on different days/times and see which one they would be able to make it to.  I

To answer your original question, "subject to" is nothing more than a slang term thrown around on investor forums.

Every park I've ever talked to is owner occupant only and lot rents in the $450-600 range so that seems to eliminate the options I knew.  

That really is too much to pay and operate in keeping the property in good repair like I would have to. I

One of the main reasons I don't post on BP as much as I used to is that someone is always "wrong on the internet" and it takes too much time to refute all of the nonsense that gets sprayed around.  

Once you found distress properties and identfy owners name and address to mail letters, how do you figure out who to direct mail to?  I