Its just part of how we do development.. you cant take the cash flow game and make any sense of these types of transactions .. apples to oranges as it were. for instance I have a 117 acre parcel optioned at 50k an acre.. when it ripens will will be worth over 600k an acre.. and we have 1.5 mil in cash in it so far.. is that a great use for 1.5 mil don't know.. but on top of the delta on the dirt we then build homes for another 5 to 7 years and there is another 50 million in it.. so who knows.. these are small partnerships I put together with those that don't need cash flow and want small investments that have 10X returns over time totally passive.. 

It's apples to oranges as there's no way you can buy a single-family home for as little as you can buy a mobile home.

It's a single family home located in Greenwood Lake NY in Orange County.

@Huy DinhWhen it comes to qualifying for a mortgage loan, its a 3 legged stool.

First, a verbal offer for the sale of real estate is Not binding or enforceable (statute of frauds in most states) unlike some other verbal contracts.You have no leg to stand on with your current potential buyer.  

As mentioned above you have to do some tenant screening leg work (verify timely rent payments, call landlord references, etc) and run credit and background through one of the screening services.

It's a single family home located in Greenwood Lake NY in Orange County.

It seems like a apples to oranges comparison in a lot of ways to me. 

Took a days labor to move the stuff out, and a lot of insect repellent on our feet and legs.

Ideas and similar experiences are GREATLY appreciated especially from people who understand Orange County and how valuable of a town Laguna Beach is.