My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

Paid 12800.based on google mapsThe property is a mess.

Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?

 @Deepak Malhotra based on your sales price, I assume this was also sold many years ago.

Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

In the meantime I would touch base with lenders and get the financing squared away.

Basically, the further you get away from the city the more potential for cashflow, but you're also dealing with a different tenant base that may be tougher to manage.

We go through Tilton, Thomas and Morgan, which is based here in Missouri. 

I’m part of the Rob Lawrence Team, an investor-focused real estate team based in South Eastern PA.