I've been reading around a lot on tenant screening and will eventually be in a position to be a landlord myself (hopefully!) 

Screening is acutely important in avoiding downstream tenant issues.

When I view some of the properties for sale in the marketplace; I review the figures and get to the taxes and see a big difference between say Indiana and Illinois. 

In 99% of the situations, the buyer has already viewed the property and accepted its condition before submitting an offer- they don't feel the need to run an inspector through for a 99 point checklist. 

Another great way to profit from real estate, and defer income taxes, is to buy and borrower through a Self-Directed IRA, such as those offered by Advanta and Nu-View.

I really am just looking for everyone's option from a landlord buyer's point of view who is leasing the property from me on a 3yr term while my note has a 5 yr term. 

Real estate is relatively illiquid, and if one partner decides he or she needs to leave the partnership and access equity from assets(though the other partner may not want this or view it favorably), the dissolution document will allow for governance of what is or is not possible, and help avoid adversarial emotion when such an incident occurs.3.5) 51/49 split - make sure your partnership allows for you to make a majority vote when you may need to. 

In my view, a wise short-term use of your money would be private/hard money loans, with 6 month terms, to residential flippers local to your area.

Add that expense to the cost of materials and it can really add up. 2) Budget - If the budget will permit for you to hire the GC to complete the project, I would imagine that it will save you a lot of time and allow you to focus on screening tenants to have them ready to move in as soon as construction is completed.

My approach has been to enlist a seasoned park appraisor (for a price) to talk to the seller about the bank's view of what a park is worth.