That brick could of been done in under two days.

@Jon Holdman: I didn't want the first post to be inundated with numbers, but you're right.Here are the figures:Acquire:- Principal left on mortage: ~$85,000- Cost to buy: $29,250 ($20,000 to owner of property + $1,500 in light rehab + $5500 + $2,250 closing).

That's to avoid complaints that someone has been inundated with calls.

If you come in under budget, but still do all the agreed-upon work, you would still get the entire rehab budget.

Where instead, an investor who knows what he's doing walks the house and knows if it's a deal or not in under 5 minutes.

True FMV IMO is what you can sell the property for in under 60 days with no rehab.

What I was trying to say is that, since last summer, 5 of our properties had accepted contracts at or near full price in under a week.

In most parks below 140 sites and lot rents below $275, the owner better be able to handle this function, because you can't afford the help you need unless you have plenty of capital set aside for a major push to sell 50 homes in under a year.While opinions vary, most experienced operators believe you can't afford full-time (non sales) professional park managers until you have 100-150 pads occupied and paying.

Not much of "construction profit" in these jobs and we bring them in under or close to budget after BINSR items.

(AP) — Paul Marinaccio Sr. traces his fear of frogs to a childhood incident in Italy when a man holding bullfrogs chased him away after he'd wandered from the vineyard where his parents worked.Decades later, he found himself describing his phobia to a jury, calling himself "a prisoner in my own home" after runoff water from a nearby development turned his 40-acre property into wetlands and inundated it with frogs."