Even if this wasn't commercial space and was residential the traditional standard in my market is 60 days, so thats the bare minimum I'd expect from a commercial space. 

Licensed and Insured contractor: Alex Teos, Owner, Alex Flooring & Carpentry, LLC, Phone: (703)-928-8331, Email:[email protected], Website: alexflooringandcarpentry.comHard Money Lender: Brian M.

Likewise, a family relocating to an area probably has similar needs to an insurance placement situation, but the insurance placement will almost always have a much larger budget to work with.

They literally cannot get a carrier to insure the home. 

If you rent it out for more than 2 or 3 years and then sell it, you have to pay cap gains on the profits.I'd also run the numbers on the house to see what you'd get for rent and what all of the costs are associated with the house (property taxes, insurance, repairs, vacancy as well as mortgage payment). 

There are habitability standards specific to each location that you as the landlord would be responsible for. 

Here's what auction.com said about the transaction details: "Buyer will not be charged a Buyer's Premium for this property.If you are the Winning Bidder, an Earnest Money Deposit of 5% of the total purchase price or $2,500 (whichever is greater) is required.Buyer may receive a Special Warranty Deed or equivalent if Buyer is able to purchase title insurance without delaying the closing (title fees typically cost between $500 and $1500 and are based on the purchase price of the property).

Insurance $1200/yr.

In his numbers the liability insurance seems really low (like $500/year), I know the park owner owns his own insurance company so I'm wondering how skewed that number is.

For insurance Hunter Gall from Whims Insurance Agency gave me the best rates.