.*** When buying the MH;Submitting a SOLFill out & attach Form B if I am taking over a lien or foreclosure for lien.Apply for Texas Seal if home does not have oneSign OF deal.Create a bill of sale plus receive the deed. 

Should I have a general purchase price range in my head when I start receiving calls?

You'll receive 100K+costs to foreclose, any remaining money would be an overage and go to the previous owner.

You can start a marketing campaign in the next 2 weeks..You can be receiving your 1st few calls in less than 3 weeks, and look up and find yourself going on appointments in less than a month.

I would be curious to know the details of this offer.I shall assume the following - correct me:The seller has owned the units for a long timeThe units are in need of work and managementYour option is for less than 3 yearsYour are responsible for taxes, repairs, management, violationsThe owners receives a net monthly payment, regardless of how much you are able to collectThe seller has been unable to sell them for a long period of timeThe seller is over 65 years oldYour option price will be below market valueYou are paying all closing costMiss a payment and you violate you optionThe units are 15% vacantThank for sharing,Charles

Beware of the 20,000 phone calls and emails you are going to receive from people wanting to sell you leads.  

If you don't see a property you want, you simply do not complete your 45 day identification and your exchange dies sometime after 1/1/17 and you receive your funds.  

I recently received a property from my father, in agreement that I can have the property, all that is needed is for me to pay the back taxes (which is around 1-3k). 

Most of the emails I receive from wholesalers, I often think that guy has no idea what they are talking about.  

In other words, if your fee is greater than or equal to the value they receive from the transaction, that will likely be your first and last deal with this party.