You received good advice from  all.

Here is how the ROBS 401k business funding arrangement works:A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA funds are transferred to a new brokerage account opened for the 401k/PSP.The new real-estate operating company corporation issues stock shares to the 401k/PSP.The real-estate operating company must be an employee of the business and he or she may take a reasonable salary.The business owner's family members may be employees of the business and receive reasonable compensation for their services.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.

.*** When buying the MH;Submitting a SOLFill out & attach Form B if I am taking over a lien or foreclosure for lien.Apply for Texas Seal if home does not have oneSign OF deal.Create a bill of sale plus receive the deed. 

Seller had called me and received authority to sell, but has no idea if its full or limited.. she is picking up the LETTER TESTMENTARY tomorrow to see the final decision she will have to make...

Should I have a general purchase price range in my head when I start receiving calls?

You'll receive 100K+costs to foreclose, any remaining money would be an overage and go to the previous owner.

You can start a marketing campaign in the next 2 weeks..You can be receiving your 1st few calls in less than 3 weeks, and look up and find yourself going on appointments in less than a month.

I would be curious to know the details of this offer.I shall assume the following - correct me:The seller has owned the units for a long timeThe units are in need of work and managementYour option is for less than 3 yearsYour are responsible for taxes, repairs, management, violationsThe owners receives a net monthly payment, regardless of how much you are able to collectThe seller has been unable to sell them for a long period of timeThe seller is over 65 years oldYour option price will be below market valueYou are paying all closing costMiss a payment and you violate you optionThe units are 15% vacantThank for sharing,Charles

Beware of the 20,000 phone calls and emails you are going to receive from people wanting to sell you leads.  

If you don't see a property you want, you simply do not complete your 45 day identification and your exchange dies sometime after 1/1/17 and you receive your funds.