Make sure that you have your pay advice, and contracts showing as far forward as you can, and as far back as you can (5 years in the same line of work would be good).

I'm a CPA and a level three candidate in the CFA program (Not sure why I chose to do both?

Move in Fees equals First Months Rent and a Security Deposit.  

I have conventional built homes that I rent that have no mortgage, I could refinance these to get money for this.I could get a home equity loan.I could get a loan against these new properties but I have heard there is a higher interest rate and harder to get these loans (less people offer these loans for mobile hoames.I know there are a lot of things to consider and a lot of options.Your thoughts are appreciated., Joe

Frankly what you have described is a cherry deal for an operator and a crap deal for a buyer with those kind of lease terms.There are many other properties to choose from.

And a few other cities.

I was new, and probably would have accepted just about any terms.Now that I have a decent size portfolio, and a little more experience, I want to see what others are getting, or ways of not getting, PrePayment Penalties. 

I spoke with the seller's agent today and he wants a NDA and/or Non-Compete agreement before he tells me the address so I can look at it.

The University area is very good to invest in with decent returns and a safe bet

), there still will be opportunities created by home owners with small equity and a destroyed houses that will want to walk away.