I'm far from an expert... and this being your first deal I would think you would want to get very good advice from someone who knows better than I.I would like to know where you got the mortgage figure though.

Then run the financials in place (using the current rents) and show the owner why your offer is a good deal.I'm no expert... in fact I'm not much of an investor either.

I am certainly no expert on anything you have asked, and am still very new to investing.

I would suggest finding a local REIA to find experts on the markets you want to focus.  

Originally posted by @Bill Gulley:A reverse mortgage is probably better when the owner is younger as the value is discounted to mortality tables, at 92...I'm sure no expert on reverse mortgages but I think that works to the advantage of an older person.

I could be wrong though as I'm certainly no expert on this matter. 

You just need to know which rule book to refer to.I'm certainly no expert, but our tenants are doing a pretty good job of educating us. :)

I'm by no means an expert but my wife and I have several MH's right now and are looking to add more shortly.  

@Jason Hern I always look for an agent will to go the extra mile to help get a deal done and also an agent who is an expert in the market.

Hi everyone! My name is Liana and I work a financial consulting firm in the Tampa Bay FL area. We specialize in 0% interest funding for small business owners, RE investors, and entrepreneurs. I've had an account here ...