Manufactured homes (Mobiles Homes) are handled in Texas by TDHCA/Manufactured Housing Division and to sell or broker MH you have to be licensed by the state and have a RB or RBI license.

The Option Consideration is not credited towards the purchase...it's not any form of a Down Payment, and thus has no bearing on the loan from the bank when/if the person owning the Option Contract executes the Option and buys the property.3 - Up to you, but I have found that most layers I have encountered over the years, have no clue what a LO is and how to handle it.

I plan to get a property management company to handle the property for me since I stay 3 hours away.

You could say that there are primary and secondary market loan servicers as well since they handle mostly one type of the other.Speaking of process servers, that's a whole other topic itself! 

That can handle one type of debt.

How do you handle the smoke damage and to the unit when/if she moves out?

However, I realize if we close it will be around winter and we may have vacancy throughout winter.would it be best to wait and ride out our lease or at least get closer to the end of May to avoid too much overlap or should we try to get out of our lease and buy now before rates are back up to 4-5% (which I’m realizing makes it tough to cash flow)also, how do you handle this situation as a landlord?

I have someone in my office that is dedicated to handling all this paperwork.

I handled the real estate deal and we have a good relationship with a great lender when it comes to investment properties.

I've been part-time for the last six years, working on turns, handling maintenance, being the landlord for our growing rental base.