If you come in lower than that, I would not only be concerned about your plan to fill the vacant lots, but also about the overall viability to keep the park occupied and push rents.

I would say I'm concerned about "pre-deal" and "post-deal" items. 

I’m more concerned with being able to have access to a portion of the funds to be able to pay off any mortgage that was taken out on the home that I can pay off post sell.

Which aspects concern you most? 

You'll get a lot more responses there concerning the multifamily approach. 

We are concerned about our liability and being sued beyond coverage of an umbrella policy.Since the financial aspect has his personal name and his line of credit does that pierce the veil of asset protection by LLC? 

If you are buying owners title insurance, and there are no specific exceptions that you do not understand fully, and the life tenants as well as the remaindermen were parties to and noticed of the foreclosure, none of this should concern you.

It states on the website it’s the nations number one leading real estate transaction company which concerns me with competition and having the prices of these properties to just be bided up higher than any smart investor would pay.

I am highly concerned that the previous owner just slapped some paint on the walls to cover issues and while it's not hot and humid now, summer time could prove to be a disaster if I have an underlying problem.So thoughts, opinions, ideas?

My biggest concern would be greedy family members - I am seeing it too often how families fight over inheritance.