MHP Financial Diligence Question

[Jeffrey H.]

Hi Everyone,

How would you recommend confirming the revenue of a park if the Seller has no accurate records and operates it as a cash-business-only sole proprietorship (e.g. mixing personal cash deposits with park lot rent deposits, etc).

Would a 90 day diligence period where I can basically walk with him on collection day for 3 months be a reasonable request?  Some other options are clearly "attempting" to renegotiating the purchase price to reflect the risk, or backing out of the deal.  What else should I consider?

Thanks!