If they (the seller) can produce clean title within a day, you would have the ability/willingness to buy it that fast?

From my experience, the short answer to your question is to utilize the research work produced by the major institutional players in the field. 

This is different than with rental properties or non owner properties where the income is netted against the expense to produce positive qualifying income or expense.

Many charge insurance producing or not producing.Suggest get a realtor who has worked with investors.

My husband and I are under contract for our first rehab property (well, our first rehab for income producing purposes - we've done a few rehabs on our personal homes).

I'm just hoping he doesn't explore his stated curiosity as to why the United States would produce nuclear weapons if we weren't going to use them.

I paid 1.7 mil cash for it.. ( there is no financing for this unless your a timber company and have a mill)the lots paid for the remaining 600 acres took 5 years to sell them all off.. the timber was 27 to 40 years old  50 to 60 is about as young as you can harvest in this growing site.WE did have two stands that we logged and brought in maybe 100k net.. sold to Stimson for 2.9 million cash of course.. now the 600 acres in the next 20 years will produce about  30 to 40 MBF  ( thousand board feet) to the acre  ( this because it was strategically replanted back on the second harvest  .... this will be the third harvest since colonization of Oregon..  

I would only value a park based upon currently occupied lots that are producing income.

After that my properties are no longer producing tax passive losses.  

Produce a PnL for the LLC and read it wearing a lender's hat - - how would any lender view this entity?