@Jonathan Smith If you're at all familiar with Dave Ramsey's story, he went bankrupt due to the bank calling all of his outstanding notes.

Also, my question is would my dad then have an outstanding loan on his credit?

I've listened to him speak several times and he has impressed the stew out of me... he's not a great speaker, but his information on asset shielding is outstanding and I will listen to the man for as long as he will talk. )(In general, I'd say that buying investment property in your own name is a terrible idea and that you should never, ever do that.

Then started thinking how we could put you on a positive path.A good and old friend is a very well off business man who owns a large trash collection business with a fleet of trucks, the reason he came to mind is that he started out with a pickup and a trailer and only needed a business license.

you guys have done some incredible work. i kept downloading every version that you talked about and now i have to go back and erase the old ones.very involved and incredibly impressive work. that's outstanding. thank you both so much.so, version 5 is the latest, right?

Your initial offer price may sometimes need to be re-negotiated after the seller contacts you anyway, based on the results of your due diligence (Eg: The outstanding taxes/fees may have increased since your made your offer.)3.

I have no other outstanding taxes etc. 

Make sure the MH does not have an outstanding bill for water or power as in many states the bill stays with the Mobile and not the Owner or Tenant.  

As a buyer's who's just making offers on what's on the MLS, its unacceptable to have a committed offer outstanding for months and months knowing that its more likely than not going nowhere.

As for taking over properties subject-to outstanding loans: If you take over a seller's loan that isn't usually referred to as "seller financing" .