I'm eager to start the work of finding a drive-by appraiser and calling title & insurance companies to close this transaction.

If a market has insurance companies leaving in droves, it's probably not going to improve for a long time, and it may actually get worse.

There were several issues  but here are the big ones that ultimately led to us backing out of the deal. (1) The right of first refusal provision which mean't the seller had to convey the sale info to the cell tower company and then receive written permission for the sale to go through.

If you are part of the 2022 purchase, how's that going? 

I’ve done a lot of reading and listening to podcasts about investing but still have a ton to learn.

You need to have someone to walk it. 

Many do not and think the return is guaranteed which is a big mistake.Right now is great for PML since property appreciation is likely stalled - in 3-5 years going back to buying real estate might be more lucrative. 

I started calling other mobile home parks nearby, to get an idea of comparables.

Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash. 

I know you guys might not be authorized to give out legal advice but I figure it would be best to get opinions from those really doing it.