Here's some basics of an option agreement: Option basics You'll have to negotiate the option fee.Have an attorney prepare and review the documents with you to insure it conforms to the laws of you state.

I currently am at an insurance company working for the marketing team as a content writer.But I go and work for underprivileged kids in the summer, pay isn't much but I don’t do it for the pay.

For all the lenders out there:  can anyone tell me whether escrowing tax and insurance funds are REQUIRED for an FHA loan? 

Stan,I found Lighthouse Property Insurance Corporation online. 

If a first time buyer you could very well get away with 5% down, but you'd be paying mortgage insurance.

The larger you go up in center size the PM fee can come down to 3% in some cases.CAM ( common area maintenance fees ) typically cover property taxes, landlord insurance, PM fees, maintenance to the building and service contracts.Some tenants instead of a NNN leases have NN lease or a gross lease.

Have you considered getting an umbrella insurance policy instead of an LLC for your first few properties?

@Amy Jo Holweger I’d say 200 bucks a month is fair after accounting for PM, mortgage, repairs, capex insurance and taxes 

The Insurance company sent in a check for the Actual Cash Value.

@Joseph Sangimino  me personally having bought a note in PA last year ( not my normal day job)@Mike Hartzog  I like to leave that to the experts LOL.but if I was looking to buy this park  and I have owned a half a dozen of them so I like the asset.I would let this hedge fund clean up the title there in PA and then buy it as an OREO with new title insurance.. let them do the heavy lifting..