The bank wants its money,all of it.If it was a bank foreclosure sale it would be handled by the court and usually done at a courthouse or other designated area.The bank will always bid first for the full amount of what is owed and you have to beat it or let them take it back and negotiate directly with the bank for a lower price.If that's not exactly what's happening here I wouldn't touch it with a ten foot pole.Go back to the bank and get more information and verify the bank is or is not foreclosing on the property at this time.

If that doesn't prompt him to finish, he will show up in court and want to settle.  

These guys are one of the largest MHP owners / operators in the country and have been great for helping us to invest in these smartly.http://www.mobilehomeuniversity.com/mobile-home-park-investing-books-and-courses/mobile-home-park-due-diligence-manual.php

They pay rent via Chase QuickPay.Plan:We plan to be out of the country for six months this year.

He said they put each house under a separate LLC in case they ever get taken to court.

It can be done but the courts don't like to do it and if the tenant fights it, the process can drag out for months.2) if the tenant is on a month to month then you or the current owner can give notice according to the written agreement that is in place.

Knowing whom to trust in this business is a challenge for Hispanics in this country, especially in our part of the world.  

I was mostly in single family rentals at the last crash and it about killed me....it was eviction court every week.  

However I do have some questions that may be relevant no matter what country you are in so please feel free to pass along any advice :) I am currently looking at purchasing my first property and I have done a fair bit of homework, but I am looking for some experienced guidance on choosing my best option to start out.

There are plenty of those around the country!