2nd thoughts 3 bedroom 98 Fleetwood

[Joe Pitrolo]

My bid of $3,500 was accepted, but it looks like repairs are more than I expected. Total investment about $9-10K. Retail value is about 12,000. small margin of profit.
Several reasons for optimism: 3 bR have higher demand.
2. Its Tax refund time. 3. I could drag this out and double or triple my investment, but it would take longer than I like on a mobile home.

My second Trailer is a 76 model that I will have about $4,500 to 5,500 , also a little more than like, but I can recoup my investment quicker.
I like to recoup with mobile homes within 8-13 mos., these might take a little longer, but also could be excellent investment.
I am a little cash strapped now and realize I may have bit off more than I can chew. Should I hunker down and think long term or try and cash out quickly on one of homes?
Its nice to find $1,000 Lonnie deals and put an extra $500 and sell for five times that amount, but my experience is that its easier to find fixer uppers.
Any thoughts or advice? I'll try to post some pictures.