Please accept this as a token of my appreciation for having you as a guest.Any questions or concerns feel free to contact me at....LandlordNow you have shown goodwill for $100.

Lots to choose from.Appreciation: Probably very little (property has been on the market almost 3 months)What things should I be concerned with?

@John Moore - Thanks, I have to admit I was concerned about the amount of vacant buildings.

I understand your concern about the balloon payment, I feel the same way.

This is going to vary with state law regarding mobile home park leases at the very least.

I'm sure I could come up with an adjusted rent that's reasonable if three tenants are indeed living there.Bigger concern is character and the deception/misleading application.

I have never had an insurance agent ask which kind I have so no insurance concerns.

I am just a little concerned with quitting a full time secure job to go into a 100% commission based lifestyle.

the lender is concerned with continuance income here and in a traditional situation would require some type of lease agreement or proof of receipt of rental income.

So the renovation and trust factor im not worried about.Im more concerned with the real estate market in Merrillville, my 2 properties there are in good areas, the houses just need extensive rehab work.