Penny for your thoughts?

[Terry Drake]

Here is the next deal I am looking at. My exit strategy for this property is to buy it, sell it, and carry the note.

Here's some info:

'85 2 bedroom 1 bath
12' x 60'
black tile flooring
newer appliances
in a Family Park (lot rent $350)

Owners bought a new home and want to get rid of it. Currently listed at $4,500 it has been for sale 2 months, one of which it has been vacant. So far it only needs some small cosmetic things (paint, a few switch covers, clean paint off a couple windows). I was going to offer $1,000 and go up no more than $1,500 which is a little higher than I would like but I am still confident I can double my money. I'm thinking terms of $500 down, $200/month.

Here are a few pics of the property

What do you think?