No lender will lend that high leverage. 

Hey BP family, I'm currently trying to help out a family in need from having to foreclose on there property by taking over subject to, it has a high interest rate although the entry is around 20k I want to wholesale this ultimately Is it possible for me, to disregard my initial assignment fee to get a buyer asap and add a 2nd lien on the property as my fee? 

Going into an area with little data is high risk but could be high reward. 

I have not paid retail for RE in many years and would not in my high cost market (average SFH is ~$1m).  

They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.

Paying a bit more might be justified if the pro forma income is very achievable, but $360,000 seems too high unless renovations are already complete.Factor in the costs and timeline for completing renovations for the studio and the fifth park-owned home.

A lot of research and studies have come out around high paying jobs make large impacts. 

Since the LTV on the hard money loan is high , I would personally purchase it using a bank statement loan at 85% LTV (15 percent down) and, as you mentioned, just use your cash for the rehab.

Achieved by buying low value residential housing and turning into high value tourist accommodation for Short Term Let (STL).

I highly recommend managing it remotely if possible.