We priced it at $1,200 which was in line with pricing on Craig's List, Zillows, Trulia, Rent.com, Hot Pads and local social media rental sites.

If it is just the business and not buying a building or the land beneath it then it is not generally a real estate licensed activity.You need to check for each state what is or is not required.You could go on a site like Rocket Lawyer etc. and for a nominal fee ask the question.In commercial real estate transactions you can generally have consulting and other fees on the HUD-1 as RESPA does not typically apply.To look for more businesses you could look at bizbuysell.com  Sellers typically want 3 times gross profit earnings so if 100k a year after expenses they want 300,000.

Hello @Justin Messex, welcome to the site!

After i spoke to my attorney about our property coming up in a Sheriff Sale, found out about the Sherriff's website and what properties are available.

If you can search the site.. check on Brian Burke  post about his adventures with CA. court house steps.I done quite a bit of this over the years in ORegon.. and cut my teeth on it in Lake Co.

It sounds like for the parks around 50 pads, you can just have one of the tenants be the on site manager in charge of grounds maintenance and rent collection.

You forgot to mention that they bully you to access their trusted website to pull your credit score for them to set you up to borrow the $20,000 to $40,000 to purchase their advanced training. 

2)  Should I just sit down with a lawyer and have him draft up a partnership agreement (both parties 100% want to have something in writing before we purchase our first investment property), or are there any resources on the site/elsewhere that we can draft our own agreement?  

I am working on developing my website and would like to have everything my customers or I need, in one place.

It might be a little different if you're real estate agent with a link to your page on a branded companies website (think: Century 21, Coldwell Banker, etc.)