Less pie is better than no pie?

[Jeffery R Stensland]

For those of us jut starting out,                                                                                                                                                       In a booming (geographically) market is it better to just get something going and take less profit or keep looking for a better deal? I should clarify my interest would be a fix and flip, trying to find a price where the numbers are solid. I think my girlfriend and I are going to start with a single wide with me doing the majority of the labor. If I factor in the hours I'll spend it's not a very good wage, I have done a lot of construction and with me still getting my business established I find myself with extra time. I think we can get the trailer for 4K (they're asking 4500) and a couple months of free space rent, repairs I have estimated in excess of 6K (  new roof, flooring, kitchen and bath full remodel, a few new vinyle windows, get furnace operational?, new drywall on ceiling in about 50% of home, paint,........) then market it and hope it sells before rent (500/mo.) eats up all the profits. There are limited comps in the area but feel we could list at 15k +/-. Inadvisable?

[Joe Villeneuve]

Set your goals, and accept nothing less