I have never utilized his services personally but if I needed roofing done I'd certainly contact Dave Wandel with Charis Contractors.

And it is more common with regional banks.That being said, when I talk about Collateral Assignments in the podcast or my book, I'm usually talking about it in regards to 2nd liens where you utilize private investors.

This is a material cost and quantities math problem.  

I would check with a mortgage broker and not allow hem to run your credit u til you decide if you want to use them or not.

Their circle of influence and sphere will utilize them to invest and the license can be used effectively.

@Christian WathneB Neighborhood maintenance is still done, assuming they have been solid tenants and no issues, your lease holds them liable, temps above freezing and furnace at 45, they pay all utilities.

It will be reported as rental income.You will also be entitled to take ordinary and necessary deductions used to upkeep the rental business which includes items like repairs, utilities, mortgage interest, real estate taxes, depreciation etc.

I am planning on splitting the utilities so that I wouldnt have to pay for them. 

Since then, I've been listening to podcasts non stop, browsing through forums, reading tons of BP articles, and scouring around for reading material (REI & business books). 

The mobile homes and the lots are owned by the park.Gross monthly income is $2,070/monthOwner pays:-Trash is $64/ month-Water is $200/month-Tax is $25/monthTenants pay their own utilities, electricity and gasSelling because it has a lot of equity in it$84,000 with option of seller financingRent ranges from $275 through $575/monthOwner charges a lady who has lived on the park for 7 years the lowest rent of $275/monthCity sewage and city waterAny and all advice on this deal would be greatly appreciated.