When you repair and resell your investment mobile home you may be competing against other sellers depending on how they are selling and the condition of their homes. 

If I could pick that same property up for $60k and resell it for $70k to and buy and hold investor or a rehab and resell investor I would make a lot more money and it would take a lot less work.

Not even going to be allowed to buy and resell it to anyone with an ownership interest now, or a close relative of anyone with an ownership interest.

Banks have to foreclose on property like this in order to gain title re-sell it.  

A flip is when you purchase a property, and then turn around and resell it within a short period of time.

You might qualify for a portfolio loan (where the bank holds the loan and does not resell it).The LVT and rates for these are high.Or you can wait for 2 years to be able to show income on your tax return.PM me if you want to learn more about portfolio loan.Upen Patel

Many will also make you agree not to resell for 30, 60, 90 or 120 days.Both of these restrictions make it difficult/impossible to wholesale a short sale.

Lastly, Sub2 is best for buying, fixing reselling fast. 

If you're talking about buying fixers and doing the rehab to resell at a profit, that's a lot of work and not recommended when starting out.  

We are fine with it, this home is for us to grow our family in and not to fix and resell.