In 2025, it drops to 40%.

Welcome to BiggerPockets, Steve! 

Determine local/state laws regarding wholesaling and determine if (1) you need to be licensed in the jurisdiction you’re considering and (2) if you’ll be able to operate profitably while remaining legally compliant2.

You can do a subject to transaction but that is not legally assuming the loan.the banks got rid of assumable mortgage long time ago. 

They must be paid in full. 

@Mindy Rosscup, you want a contract that is specific to the laws of your state.

Some states allow the owner to hire employees to work on their behalf.

@Samantha SueroWelcome to Bigger Pockets.

While I am not new to REI, I am new to mobile home /parks investing.

Some lenders may also want to see law and ordinance coverage in your insurance and perhaps a rebuild letter from the city stating that the property could be rebuilt as a residential 4plex if destroyed.