I believe buying it as is meant buying at an as is price.

To our surprise, he flat out refused to pay the fees necessary to reinstate the LLC, even if it meant letting the deal fall through.

The closest I ever came to giving cash upfront was when the hired person came with a crew to start working while he went to the store (or wherever) to pick items they needed up.Even then it was someone I knew I could get a hold of oooopppss I meant get in touch with. :)@Nat Chan you did the right thing.

As some are saying that they think it would be more classified as RV because they are meant to be mobil and just hook up and drive away.

I truly have never run into a problem that I couldn't handle over the phone (even if that meant firing a PM company and hiring another one).

I should have made it clear, I  meant that if the lien was negotiated or paid. 

Keep a fluid timeline, and always have an out, and backups to that out with your properties.

I wasn't sure what was meant there.

CAP rates are meant to compare investments, so as long as you are not comparing a real CAP rate to one you compute without management costs then no problem.2. 100% financing is a risky proposition.  

Sorry - my "triple the deposit" was meant to illicit making sure it was sufficient to alleviate your concern (plus the rules were a little different in NYC and I sometimes forget!).