First situation wasn't good for the tenant and a friend of his.

Overall, it's a win win situation, you will get experience and you will learn a lot about real estate with this.

Hi all,This is a strange situation that I'm hoping someone can give me a sanity check on:I purchased a home last year from a well-known company in Chicago that was forced to close earlier this year. 

She has helped me figure out the best types of insurance for rentals and flips alike, including unusual situations and is almost always the least expensive to boot. 

Using that money to season for a few months before trying again.If anyone has an ideas or insight into my situation, I would appreciate it.

In the future, any similar situation, hire someone else to do the work, show the Tenant the receipt, deduct the amount from the security deposit.

I have had situations where a tenant paid with a check, I paid the owner, and then I discovered the tenant's check bounced.

I've always preferred the "money now" in this situation.

Im sure you situation may be different because it's a mobile home park BUT the solution is the same.

Unfortunately once a secured creditor becomes aware of a potential sale or refinance, they are not likely to compromise... unless the situation can be presented in such a way that this is a chance to get paid something rather than zero.The theory behind my initial comment is never wake a sleeping giant ... judgment creditors often forget to renew liens.