The industry standard formula to evaluate a park is# of lots x caps x 12 months x expense factor x lot rent ($)I understand it is basic and we should consider the market and etc. 

The tenant is responsible for the deductible (I write that into the lease).

Is it standard having a good amount in cash as a back up?

My local Realtor board I belong to has lease option addendum and riders that go along with our standard ASIS contract, and I'm going to have a client who is an attorney and owns a title company help me with these, but I will ask him about it. 

Read the standard purchase agreement you'll be using, and you will understand the clauses.

Since these seem like Mandatory things that must be fixed , in order for the house to pass and meet FHA standards, why then weren't these included in the Property Condition Summary , with the plumbing, wood repair and painting ?

No credit history, rough on employment, rough on living standards.

Deduct out any business expenses (marketing costs, internet, office, milage, etc) and you'll have your net profit.

Their program is accessible through independent insurance agents like myself.Keep in mind that NFIP still sets the rates, so the only difference in the program is broader coverages and high deductible options.

As an agent/investor in Texas, we are held to higher standards for disclosure.