But your options are slimmer with mobile homes I think.  

For flips it doesn't really matter where you buy but your margins will be slimmer on the cheaper homes in those areas not a lot of people look for high end finishes on homes in many price ranges in those cities

I typically see slimmer profit margins on the row homes then I am comfortable with, but I do know some people that flip those successfully.

I believe the strategy for equity % should change depending on the size and value of the project.For smaller properties, it makes sense to own in cash or with a high amount of equity (and delay a refi, because of loan closing costs, slimmer margins, etc).For very large projects that are stable and have predictable income, it makes sense to use a lot more leverage.Calculating ROE on paper is one thing.

You’re not going to have enough profits, split 4 ways, to make use of the small advanatage of SCorp status to reduce self employment taxes.First and foremost, flipping is a Very competitive endeavor with Everyone wanting to do it....hence, fewer opportunities and slimmer margins.  

This type of investment works best IMO for those with the ability to come in with a large amount of cash and if you leverage you are basically earning the split between CAP rate and interest rate and your cash flow will be slimmer until you can increase rents over time So really it just depends.

So the risk of being sued is slim and the risk of your insurance not covering it is even slimmer.

Likewise, that drives the prices up and the margins can be slimmer.

Rental cash flow rates of return are getting slimmer by the month with the current appreciation, however, the flipping market is still very profitable should you purchase at the right price point.

But, they also may be willing to have slimmer margins.