When I spoke with some property managers, they said it would rent for around $650-750/month.It is on the market though for $65,000 and the agents we interviewed all said they thought it would sell for arounf $59-64K.I've essentially got 33% "down" in it already because that's my inheritance.

In addition to the regular late fee, you'll get hit with some kind of processing/paperwork fee and "legal" fees.

Long story short, the FAA is required to soundproof all the surrounding homes and we are about to finalize the paperwork for this.

I can handle most of the marketing and listing on various sites (I'll probably not list on MLS initially) but not sure about the legal and other paperwork that'll be involved, how do I screen for serious buyers, what are the main pitfalls, and if I get an offer from a private party, how do you arrange closing, should I hire a RE lawyer, what do they usually charge?

Nathan Ryder If you are familiar with wholesaling, then a simple option is essentially the same idea.

That sounds very risky to me, to essentially get paid by the buyer.

There were some other paperwork mistakes as well on other documents.

Crowdfunding requires a disclosure document to be filed with the SEC at least 21 days prior to first sale, and requires scaled financial disclosure, including audited financial statements for raises of over $500,000.OK, so their's paperwork.

You would essentially be buying the home for $20k including the obligation to settle all liens outstanding which cloud the title.

My value to the deal would have been the repositioning of the park from a mediocre asset to one that cash flows reliably and consistently, paperwork, evictions, and all other such clerical work.