Based on your numbers, and assuming you have a credit score high enough and have never filed for BK, you shouldn't have an issue getting approved for an HML to buy/rehab the property that I would estimate at about $370k-$375k (which includes 100% of the rehab costs).

@Rehaan Khan Welcome to BP, great to hear your interest in mobile homes! 

The only issue appears to be the missing breakers and it being turned off by the bank.

Don't just find out how it's all licensed and check on any historical issues with it, no you want to meet with local board members, find out how they really feel about the place and what the cities wants and plans are for the place.

Bob - I have five occupied padsplits under contract right now with Fernando Corona and have closed several with him this year.Normal DSCR brokers have issues getting this through underwriting - it's important to work with a broker / lender that fully understands how to get these to CTC.I'll PM you

My biggest issue is just choosing a place I want to live with a solid market for real estate.

If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.

Also, if it's Lennar, be prepared for problems, insulation issues and therefore paper thin walls. 

I have had no issues finding renters for our units and have have minimal turnover.

Hi @Mindy JensenI had the same issue as  @Deborah Burian.