A simply mistake can cost a lot.

The comps I'm looking at are telling me we can get about $300K which would be a win/win for both of us.

I was just wondering - in the case of a sub2, if someone already has equity in the house, you simply take over the remaining mortgage payments, technically without even assuming the mortgage, and when they're done it's considered payed for in full?

They simply take public data and merge it with MLS systems on a computer system.

to put it simply.. you'll learn more in your first two weeks when you actually purchase than you will have with those years of book studying.

You simply must have made incorrect decisions on the hiring of your managers.

However, I own parks where the actual expenses are as much as 10% on either side of that, simply due to the different features at each park, i.e; amenities, utilities, landscaping, etc. 

Or will the bank simply take the higher offer right off the bat?

Of course your new one is a better home simply because its new.

Larry, That would be one method, but would depend on the lender.If the property has not yet been purchased, you could buy it using an LLC, get the commercial loan in the name of the LLC and then transfer the ownership of the LLC, but this would also depend on the specific lender.The best option I see in this situation is to use the land trust.If you do not care about the new buyer knowing what your profit is, why not simply assign the contract to him/her for yoiur spread, and forget about the LLC and land trust?