Parks that aren't sold by the listing broker to their network of buyers (unlisted) if not sold they get listed on:- http://www.mobilehomeparkstore.com/- http://www.loopnet.com/When a park hits the above its a dead deal.  

So given that my broker has made good returns in the market over the last decade I am not so keen to park dead money here.

My tenant went to take her trash out the other days and said that she saw 10 dead rats that were thrown into the trash barrel!

As a business taxes are less of a concern than keeping your money in motion.If your flipping is a hobby, holding after the reno is completed, then do the math but make sure you include that fact that the cash lying dead in the deal is also costing you a minimum of 10% lost return as well. 

This is poor income investment property that should be sold, appreciation may be fine but you have serious negative cash flow, rent is far too low for value of property and far too much dead equity for this to be a good income investment property.This is costing/losing you a lot of money you are not aware of.

Those are just ways to not have dead equity just sitting there.  

@Solomon Oh Trust me, I've gotten super excited about properties and thought I was going to make a huge spread, all to find out that there was a huge mortgage taken out on the property or that the owner was dead.

When we arrived the first thing you see is the property was completely overgrown with vegetation, 2 foot high grass and weeds,  large dead limbs hanging from trees, one even on top the roof.  

It may be weeks, months, years or never.You could have saved yourself some public embarrassment had you re-read your original post and considers how others could interpret.Interesting coming from the guy that's profiting from dead people.Honestly, I think Shawn was just asking a tough question about the "standard" process.

Besides, once you acquire knowledge on doing something, unless you become amnesiac or demented, the knowledge stays with you more or less until you are dead.