I recently received a notice from them saying pay the bill or it'll go to collections. 

In 1998 I did a deal that played out like so:1- I had my agent find me a property in a so-so neighborhood for 32K.2- I offered 18K with $50 down; It was accepted.3- I asked the seller for the zoning certification and proof of title (I knew that my end buyer would request the same from me).4- My contract with the original seller stated that I would pay the balance in 30 days.5- I found a cash buyer in 12 days. 

what is the purpose of a 'proof of funds' letter, when is it asked for and under what conditions is it issued?

Hello BP Team, i wanted to get your opinions on the best way to provide proof of funds to a seller and their broker when you are using private investor funds and hard money to purchase a Commercial property.For example,  funds aren't necessarily in my personal bank account but instead the funds coming from different investors. 

I was thinking more along the line of multi-families so I can collect recurring revenue as long as the property is being rented.Thank you and hope to hear back!

You're leasing/renting the lot with no option to buy and the MHP owner will expect to collect the lot rent each month - so long as the home sits on the pad. 

I was thinking if I can't do s sub 2 I can do what Bill suggested and Lease option it to a tennant buyer, collect 5k as a deposit and pay what it owed.

the big issues there........ the government is corrupt as hell. especially in the muskegon heights area. my brother has had no end of trouble with these people. also, other areas of muskegon, such as the city, they hire out their inspections process to a place called safebuilt. these people are worse than the government over there. my brother sells a lot of his houses on land contract. these people simply refuse to accept this as a sale and call his houses rentals. they claim this gives them the right to issue him tickets for repairs needed because he is the " current owner of record". they use a portion of the government system that is outdated and has inaccurate records to claim he is the owner. consequently, he winds up in court all the time with new " violations" on these " rental houses" that he has full proof that he sold years ago. as of yet, he has be able to beat them in court just by proving that he no longer owns them, but he is going to court almost every week with them. i believe they hope he will just give up and pay the fines. that is not gonna happen with him......lol. but, just so you are informed, muskegon may appear to be a good place to invest, but you will have serious hurdles to jump over on a regular basis. 

Associations can levy special assessments and have deed restrictions that also interfere with typical note collections and enforcement.  

Just collect my rents and turn a blind eye.What do you guys think?