While I’d love to house hack here, I’d only do it if I had a property manager to consult.

@Patrick Philip  Never "flipped" commercial, myself, but I have lots of experience in various capacities as a Commercial Consultant including Legal, Brokerage, Due Diligence, and Development.   

The downside to that is there MAY be a NEED to secure above mentioned Specialty Doctors and then trying to consult an Elder Care Attorney in that State OR :Make an offer to my sisters say $120,000.00 for their share of the Condo .

It is still possible to rent the mobile home for many years (I would consider consulting an attorney, who can answer some questions for you, such as, should I disclose there is no title on this MH to a tenant?

The benefits are that an LLC or corporation can (if used correctly) provide asset protection and potentially some tax benefits.The drawbacks are that they cost money to form (some states are very inexpensive, some are more expensive), they require extra paperwork (like annual tax filings), some lenders won't finance property held by a corporate entity, and if used incorrectly, they may not provide any asset protection or tax benefits.I'm sure there are other benefits and drawbacks, but those are the basics.If you plan to set up a corporate entity, consult a tax professional and an attorney to make sure you're getting the benefits...

That income would then be reported on the personal tax return as ordinary income.You should always consult a knowledgeable CPA familiar with real estate transactions, however, an LLC is not typically the best entity for flipping.

If that doesn't work, you can try enlisting the services of a waste broker / waste consultant that will negotiate with your servicer on your behalf.

Now I work as a consultant, and everyone knows.

Thanks for the response Ryan.These numbers are coming directly from the mortgage consultants Good Faith Estimate Worksheet (in PDF form).I thought that line item was high as well.

I used downloaded contractS for my first few wholesales, they were 100% one-side but distressed owners don't seem to care about that.Honestly it would be in your better interest to consult a Lawyer specializing in real estate then an agent.