I don’t have a way of getting a soft proof of funds and I really don’t feel like paying for earnest deposit.

If someone gets hurt at one of my properties, I want him/her to collect from someone other than me - the other guy's insurance, then the other guy, then my insurance are buffers :)

The only experience we have with real estate at the moment is the collective knowledge from doing research and reading books.

They are that you have the ability to purchase their property so what that means is proof of funds, whether bank letter or liquid funds, and experience to handle the transaction in a seamless manner without hiccups.

There are programs available for collecting unpaid rent, but they require the tenant's cooperation.

We also like to sit down with the current manager and go through everything related to how they are running the park (collecting rent, problem tenants, sales of homes, marketing efforts, recurring maintenance items, problem areas in the park infrastructure, etc)Compliance - this includes everything related to city, county, and state compliance to continue to run the property as a park.

What proof of funds is working best now? 

@Hannah Costello...keep in mind with the bank statement programs, usually you'll still need proof that you've been self-employed for a certain amount of time. 

Not the end of the world but could be reason enough to not renew, also may not be a bad thing, just need more info.Just keep in mind you can't talk to the tenant about collections, late rent etc....while they are in BK.  

Thank you Chris davidson for the reply it makes sense its really about building your net worth for later right instead of having one paid off its better to have more doors in your portfolio in turn they are being paid off by someone else and you are collecting the benefits thanks again