There is VERY limited housing around here, so people who have housing vouchers can hardly find a place to move into and those with mental health are essentially screwed.

I suppose this could happen with any seller regardless but I am also concerned given his age and ill health, what if at the time of purchase his interest in in probate or held by surviving family? 

I'm pretty new to the industry.  

Most use an LLC - but that's a pretty blanket statement because there are several ways to set up and structure an LLC. 

This is not the right time to buy real estate pretty much anywhere in the country where the property would appreciate significantly. 

The entire park is being listed under a single property.I know people like to bash Zillow, but for all its shortcomings, they have pretty good data gathering algorithms.

Investing in Multi family will be a pretty similar experience to your other rentals just with a larger focus on return when you're purchasing, I wish you the best of luck.

I know out our way once you hand the check to the crier its over..WE have to have cashiers checks on the spot for full purchase price.if you found out the day of the sale their could be a chance to have your bank stop payment on the cashiers check but you would need to be a pretty valuable client for the bank issuing the check to do that for you..

@Roderick McCleary If you're cash flowing $730/month (and calculated that correctly) I don't think you need more calculations lol. 25% down on an investment property is pretty normal.

This number isnt taking rent increases into account.Looks pretty ok on paper (unless I'm missing something and it doesn't)The breakdown for your first example would have the sponsor (who I'm assuming is me in this scenario) receiving:Acquisition fee: $1,750Asset MGMT Fee: $672 80/20 split when sold in 10 years: around 25KAnd since this is a smaller deal a more basic approach of 70/30: 4895/2098 or 8% back to investor annuallyDoes this seem to check out?