Most repairs you should be able to see with a discerning eye but there are some you won't know about unless you dig into the walls (these come with experience and usually only an issue when the house has been extensively remodeled or added on to).

Hey Zach,Well we were going to go with a transactional funding structure for the deal and where getting an extension on closing and giving the Seller another $1000.00 in earnest money that would be non refundable should the deal go south but the broker i had working the who assured me he could get the deal funded told me he was going on vacation and would pass the deal to another broker who could possibly get it done by mid January.The seller would not go for the length of the extension and I did not like the whole last minute pass off to a new guy so i pulled the plug On it and will regroup and save up and attack it again early Feb 2017.Thanks

If you do not mind taking the risk of extensive property damage, flee infestations, difficulty re-renting due to urine smell and every other possible problem then you are right.

This can be done with a title search or a very extensive search with the recorder's office along with input from the Treasurer or Tax Collector.  

#ThatsOaklandA landlord can evict a tenant for the following reasons: Failure to pay rent;Breach of lease terms;Failure to sign a lease extension or renewal that contains materially the same terms as the current lease terms;Willful substantial damage to the unit;Disorderly destruction of peace and quiet of other tenants;Use of unit for illegal purpose;Denial of legal access to unit to the landlord, after written notice to cease;Owner seeks in good faith to recover possession of the rental unit for her occupancy as a principal residence, where she has previously occupied the unit as her principal residence and has the right to recover possession for her occupancy as a principal residence under a written rental agreement with the current tenants.Owner seeks in good faith to recover possession for her own use and occupancy as her principal residence, or for the use and occupancy as a principal residence for her spouse, domestic partner, child, parent, or grandparent.Necessary substantial repairs, for a three month temporary relocation; orOwner seeks to remove the property from the rental market as an Ellic Act eviction.

The keyword "crap" brought me to this thread (just kidding).There's nothing like the stench of a hoarder tenant or occupant to singe your noise hairs.

I have done extensive research and know I will be ready to dive in after a few more months of saving for my first property purchase.

I have extensive experience in flipping as well as buy and holds.

I am unclear if the 60 day extension is on the closing, or if they are asking to reside in the property for an additional 60 days following your closing. 

Owning their own land house and garage for 300.00 a month is much more enticing.Travis - Since I believe this park is in the Dakotas, I worry that my experience is not terribly extensive although I did partner on a park development (since sold) several years ago during the shale oil boom.There are many parts of the country where local ordinances and zoning are nightmares but have almost no trouble filling at sizable lot rents and other parts of the country where the local authorities and zoning is little or no problem but the owner has to work harder for residents.Before I did much more in any direction, I would invest some time and money in a true market analysis.