Partnering with an experienced investor is a smart move—combining your construction expertise with their real estate knowledge could be a powerhouse for success.I love your vision of tackling the housing shortage and creating more affordable homes.

Pre-1976 mobile homes are rarely financeable because they cannot be insured.I saw that you are also based out of Tampa.

Their combined income does exceed 3x the rent.

What is their leverage, what is the combined Loan to Value that you will be lending on?

My wife and I file separate because if we filed jointly we would have to pay 10% of our combined taxable income.

My initial infant level of knowledge would tell me it's a combination of being poorly managed (I calculated they're spending nearly 65% on expenses to only have $305K NOI on 95% occupancy at $875/m, if that's even the average rent/unit currently occupied). 

I agree with Brian P 30 to 40 cents on the dollar is rare in my area; although, it has happened to me with probate.

By combining our resources, knowledge, and expertise, I believe we can create a highly profitable and sustainable investment model.If you think we would make a great team or would like to discuss this opportunity further, please feel free to reach out.

I also believe those deals are quite rare and virtually impossible for someone living in Oregon achieve..

My opinion for what it's worth, Account Closed, is that it's much harder to find a deal now and make the numbers work.I believe there is more "investors" or at least people attempting to invest than ever before - combine that with our current situation of higher than what "most of us" are used to and low inventory = 10X harder to find good deals - in my opinion.Wholesaling being easy is a myth...I know so many people here in Chicago who talk about it, but the number of people doing it at any scale for a length of time is nearly zero....the one guy I know who's been at it longer than most here in Chicago is @Zach Shepard and he's a silent snipper!