IE;   (total annual rent) x 0,4 = NOI   Then at 10% cap rate divide that number by 0.1 this is the offer price prior to adding in the value of the park owned homes.  

Florida foreclosure auctions require the 5% to be in their online bidding account prior to the bid, and the balance by the end of the day, or in some counties by 2:00pm the next day.

That would also be factored into the prices and most likely would need to be resolved prior to narrowing against the homes equity D

It's also very strange that they want you have an accepted offer prior to releasing the financials.

Funny enough, it was hearing Michael Blank on a podcast that advanced my thought process from SFRs to apartments (apartments were to be further down the road for me, prior to hearing Michael).  

It doesn't matter the price that they give me, I let them know that it sounds like there may be a deal there, and I will need to run comps and then see that property prior to inking a contract.  

The Home Must Be Owned for a Total of at Least Two Years During the Five-Year Period Leading Up to the SaleIn order to legally shelter the proceeds received from the sale of one’s home, a taxpayer must own the home for an aggregate of two years prior to the sale.

@Sawyer NyquistYou can try to search credit history first. it will at least show her prior activity while she came here in the past.

If you sign the docs and move out prior to one year without just cause, you would be committing mortgage fraud. 

Asbestos was banned in the late 70s but prior to then, was used quite commonly.