@Zach Liu....thanks for your reply.But  i am still confused as this seller does not have a mortgage or so the public records says.Why is there a Subordination of Mortgage when there is no mortgage?

The attorney usually handles the closing, transfer of funds, putting on record, prepare HUD etc.

With a track record.

Compare their track records, compare their contracts.

Let me also suggest that when you do get into Portland, you check out our local real estate investment organizations.

I checked the property records for zoning and I know the land used to have a home and a business on the lots, so I "assume" there is existing sewage. 

When you've built a strong track record and are buying larger parks with higher values, agency debt will likely be the best non-recourse debt from a term perspective.

Make them pay rent, you did them a favor by them not having a foreclosure on their record.  

It would be to ensure that the the adjusted cost basis of my property is recorded with the IRS, so that when I sell it (say in 10 years), I am able to lower my tax burden on any capital gains on the sale price.

., title, recording.), or neither (typically deposits/advances).