If you want to figure out the value logically, you can create a spreadsheet that will show your cost of financing and principle paydown on an annual basis to figure out the break-even date between the seller-financing price vs paying market price, but with bank financing.You mentioned a 40-year term, but is there a balloon?

Start by noting the date of the furnace and air conditioning unit—old units may need to be replaced.Some mobile homes were not manufactured to have air conditioners, so it should be a big red flag if you see window air conditioner units.

Make sure up date light outlets and switches as well as door hinges and handles.

I was told by my insurance agent that a % of loss of revenue can only be covered by insurance until the property damage is fixed, which could pre-date the return of essential utilities.

Looked at tax assessor roles, verified date of sale matches your documents and transaction amounts fit? 

That way it can cover any mortgage, monetize and when you want to come down just remove the listing dates and enjoy.

I am highly irritated that I paid this company $99 a month to not communicate with me and lead me as they are the professionals.It was 7 days PAST the lease expiration date per the signed lease for the tenants and I had no clue if my tenants had renewed or planned to move.

Michigan has no laws about late fees, by you need to check your state & local statutes.Conceptually, if you don't have a solid Late Fee policy, you will eventually get taken advantage of.What we do as a PMC, much of it automated:1) Rent Due Date: first of month- Don't ever modify this as too complicated to track!

In regards to your EMD (from what I've learned so far) If you are within your inspection period still &/0r have some sort of clause in your contract stating ( “buyer has the unrestricted right to terminate contract with a written notice no later than ( inspection period date) than you have proof.

Another potential question to ask would be if they use a comprehensive property management software and if they stay up to date with technology.