Now that you know the factors, you need to estimate them and factor them all in an IRR analysis ... google is your friend there as books can and have been written on the subject here on BP and elsewhere.Personally, my favorite thing to do is get into a nice neighborhood with great appreciation and rent growth that wouldn't normally cash flow, but force appreciation to make it cash flow for me early on and get an immediate equity bump. 

We're just starting to get them to a normalized state, but it looks like its going to be a pretty big cash cow.

But if there are 4 cash lowball offers, 3 normal financed offers, and then your offer where you've actually got a plan in place to make sure the appraiser doesn't call a bunch of stuff out that is ALSO higher than the cash lowball offers, then you've set yourself aside from the crowd in the eyes of the listing agent and seller. 

It was actually a pretty straightforward process like a normal REO.

Are these terms normal?

Because from the perspective of a normal syndication, I can't see why that would be so.

I would normally suggest you are making a mistake even doing mail over forcing ACH payments but my guess is that would assume low income = no bank account or no ability to ACH.

What is the normal flow of a seller financing deal from start to finish?

You also cannot convert items which normally would not be deductible (insurance, repairs, depreciation, etc on a personal residence) to a deduction.Ask yourself this - if this were legal, wouldn't everybody do it?

The deal would be a completely turn-key investment, as I would own the note on the mobile unit, and I would not have to do any maintenance, etc as a normal landlord would.Everything sounded great on paper, but here's where a got overly suspicious:1) The one-page, loosely written contract he provided did not disclose any address or rental property infornation, nor were there any lease/loan terms or agreements set forth. 2) The urgency to close the deal.