@Tyrus Shivers Shivers @Brian Gibbons - thanks for the above info and tips, and knowing that 65% is where our holders are at around here is great to know.

But that was real food-for-thought.

If they are dressed like slobs and/or have a messy car (food wrappers, papers scattered about, etc.), I won't rent to them.

Prior to executing the contract we were told that the amount the seller would be under was around 5%, and with the bank being the only lien holder, it seemed unlikely the short sale would get disapproved.

However I can't imagine that you are going to see much better terms than that. 8% is pretty good, most people use 10% as a place holder unless they have something lined up that is better.

We are in the process of contacting the land lease holder to explore including land with the purchase.

There is an old saying, once a lender always a lender, that refers to the interest held by a lender or note holder.

Yeah I don't even change the service until I know they are gone for sure.Some move stuff out and leave junk or storage for a few days to a week before getting the rest of their stuff.I have to clean out the fridges right away or the food starts to rot with power off and attracts bugs.Also even though the eviction is approved it could take some time for the marshal to call to come out for the writ and watch everything be thrown out.Usually the tenants are long gone by then and I never have to tell the Marshall when to come as it's not needed.So I wait until for sure they are gone before doing anything.

This is a requirement of the note holder to state what has been paid and do so under the time required a mistake can carry through to your tax returns.

He doesn't seem to want to sell... my understanding is if the 3rd lien holder tried to foreclose, the 1st lien holder would some how stop it??