Get a high lease price or profit sharing, due to the extra wear and tear.Make sure they are licensed and insured and local.Get a personal guarantee outside of their LLC name.

I highly recommend 24 hour closing.

In my opinion the value of a mobile home park for an investor is the high monthly amount you can charge residents for using the land/utilities. 

Thanks in advance This is a very highly revionalized question.

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I got some cash in hand which i can either put in a high yield savings account or use to pay my current mortgage and then cash out when i buy the next home. 

Greeting BP,Curious to hear some general thoughts on how high is to high for home prices.

For instance, if the condo community is 17=20 years old, as you mentioned, there's a very high probability that you are not dealing with cast-iron drainage plumbing.

I can share what I think is the recipe for success to select an investment that delivers high ROI.

It isn't insanely different from regular deal but it is also great not paying high fees for a DSCR loan.