I literally copied and pasted the listing notes when I first came across this property into my report but when I actually saw the properties this past weekend I got (and saw) the correct information. - Asking price is 800k.

Certain areas do have laws you may want to make sure you adhere to correctly.

I do not full understand how to determine the correct percentage to insert into these areas.

I wanted to clear up the correct figures to use for the variable expenses.

Make sure your notice is correct and legal too.

Not sure which is correct.

Construction costs are high right now in most major metros... so if that bid is not current it's most likely off (under) by a significant amount.

Is that correct ?

@Mark H.You are correct that for purposes of the 5500-EZ, the IRS is looking for the tax ID of the Plan Sponsor (your S-Corp).When the plan itself is transacting, such as selling a property, the plan EIN should be used.

I read that you could put a lien on the home for owed lot rent that is past due (which could be a lot if it's been there four years), and that upon sale at auction a couple things can happen: 1) you would get paid off that amount, or; 2) if nobody bids you can take title.Either way this sounds like worth your time for a consultation, and then if it happens again you know the process.