On the other hand having a draw schedule and fund control with inspections before disbursements could be good if you're new to this as it could keep your contractors in line and it will force you to collect all the necessary paperwork in terms of Certificates of Insurance and W9's.

i mostly hear people wanting to have purely tenant Home owned parks and I can understand that, however I have a friend who thinks the opposite.

$200 a month for insurance on a $70k property is really high.

According to the Tampa Bay Times:"The only way around the short-term rental ban is if a homeowner can show that their home had been used as a tourist rental prior to the passage of the 2006 ordinance, had been continuously used as a short-term rental since then, have a city occupational license and have paid sales tax on all rental income.If they cannot do that, and few can, homeowners faces potential fines of $250 a day if they fail to comply."

I would like to know how you guys estimate taxes and insurance. 

Taxes, HOA, insurance etc are bound to be different in different markets!

Asking price for a 2BR was a bit too high based on comp rents to get to our investment parameters but since the owner had no plans to use the property, I offered his purchase price in 2017 + 6% (commissions to agents) + $1,000 (assumed deductible on insurance for new roof), effectively getting a turnkey property without paying for the updates.

Much of the new construction is at the high end, keeping out many first-time homeowners.

Then you pay balance on the sale amount usually within a week for free, within 30 days with 10% interest - and wait till the deed is ready You can during that time to ask your title company to do the search and extend the title insurance but it's not for mechanic liens or taxes - you'll pay all that.That's why it's important to research the property through before you say "bid".  

I got it.Sorry folks, it was listed under a business.Business owner = home owner  lol