So 12 units total.

Rodney Thompson We need to know what is the unpaid balance, total payoff etc on the loan.

Our strategy is a 3-5 year flip that when you add up the cash flow, the tax savings from depreciation, the mortgage debt pay down, and the fact that we bought it under market value and that we are selling it on a lease option so we don't need to pay realtor fees and have minimal closing costs, our average total profit over a 3-5 year period is round 60k per property that my partner and I split.  

Because total income was not enough they agreed to pay 100% of the 1 year rent up front.

Or are we at the point where electronic signatures can totally stand in place of wet signatures. 

But that would also be a total restructuring of our economy, so that's an argument for another day. 

Totally non-original story...my husband and I both work full time (I'm a teacher) and we're interested in real estate investing.

@William SpringerIf you're buying all cash, you can find a couple of positive cash flowing condos in Austin for $300k total without too much searching.

I've come to this as my standard practice:1)  Pull all students on the lease jointly and severally liable for to TOTAL amount. 2)  Include a co-signer/financial responsibility form for parents of each student. 

Here’s some details of it:Number of MH Lots: 39Built: 1930Park Owned Home: 0Structures on Park: 1 (Laundry+Office)Water: City (Included in Rent)Trash: City (Included in Rent)Sewer: City (Included in Rent)Total Occupancy: 24/39Avg rent: $385 (based on current month)Here’s some history of the MPH I found: 7/16/2008 $1,850,000 Sold 6/1/2008 $1,700,000 Sold 4/9/2004 $761,000 Sold 2/24/2017 $1,500,000 Asking Price 5/23/2017 $1,140,000 Asking Price ??