You cant formally apply for the loan until you're under contract but it will be helpful to start ahead of time

I would imagine they'd pay even less... but looking for some insights here.I don't have it under contract (not yet anyway) and the seller is going to be reviewing whatever offers they can get. 

I don't feel like I need to give the tenant an explanation because the contract is over. 

The reason is there are so many aspects of MHP's that no lawyer usually has that breadth AND depth to effectively advise on so many topics.With that said here is my recommendation if you truly need an attorney:Get a generic real estate attorney to help with a purchase contract, if that provides you comfort.Bring in specialists for help if you have specific issues in a certain area you need help (e.g. zoning, grandfather status).I have a custom 15 page MHP-specific contract I use for investor-owned MHP's (this contract is mostly padded with seller disclosures and outs for the buyer if materials facts are omitted - everything from utilities, zoning, and financials), and then for small sellers I use a 3 page TAR form. 

We started the LLC 10 years ago and Purchased the 2 properties at the same time for $160K the contract is for $350K and Im looking to pay around 50K in Capital gains taxes federally and to the state of CA.  

Hi landloard,I have a potential tenant who he signed his contract and I haven’t sign my part yet.

I have an investor that makes me sign a contract with a $100 a day penalty for going over.

And that value will be determined by an appraisal (not your contract price).So, if #1 and #2 appraise for $60k fair market value, you'd only be able to finance 75% of that ($45k each).

The seller wouldn't provide the rental agreements until the purchase contract was in place.

Well, with a Contract For Deed you are essentially taking ownership of the home and your 'borrower' is under contract to make installment payments until the end of the term, so there would be no power of sale.