They still look brand new and function flawlessly. 

I've been around the MHP business for about 5 years now.  I do not own a park, but I own quite a few mobile homes in parks, and I'm fully capable of operating a medium size(50-100+) lot park.I have a couple of guys wh...

The numbers look good to me I would jump all over this opportunity-- a partnership with a GC in the area that you can get a solid referral from and has a good reputation for honesty and integrity.

BP's search function sucks unfortunately so have fun searching for him.Let me tag a few folks for you above:  @David C., @J.

The franchise director generally has the inside scoop on off market locations wanting to sell due to partnership splits, owners retiring, franchises being taken away for franchise violations etc.In the FDD sometimes the parent company will list percentage of sales for corporate or franchise and what percentage they fall into.Example 400 corporate stores and 30% average 100k a year gross profit, 40% make 200k gross profit, and the top 30% make 350k. ( I do not know Tim Horton's numbers and this is just an example).

If your lender has most of the cash in the deal then they are probably going to want a equity partnership... vs a debt partnership.Frank

This is not untrue, but it is limited in it's statement in the sense that in some cases, a warranty & guaranty may not be needed, so looking to the function of the transfer is important.  

Combined, our incomes are over 100k, so we definitely have an advantage there as we look to invest.The plan is that we will form a partnership (of some legal form) so that we can take advantage of both our incomes to scale our business faster, easier, and with potentially less stress and worry (at least financially).

So we decided when the time comes for DOT (with Escrow help on this) Jason and I would be owners and Randy would be the beneficiary/lien holder (no mortgage or loan docs are being used, just our partnership terms and agreement showing randy getting repaid at resale and also 1/3 equity of profits.  

The partnership agreement states how capital is divided and shares.You can also have a schedule or addendum stating any special terms between all parties.