If you need to compete in thei climate, I would try disclosing it on the HUD first.

Mental illness, bottom line definition seems to be when someone fails to conform to the expectations of society due to any personality or physical manifestation....while we try to label disorders that are similar.I don't know if evil is in all of us, to some degree, but there are certainly evil people.I think Jason has a point too, going further, evil may only exist if there is good.

My feeling is that milder climates have an overall lower percentage than harsher environments.

I can tell you in this credit climate don't believe anyone if they tell you they can get you any cash credit if you just pay them "x" amount of dollars for their program.

If so, what do you feel is the deal "climate" here?

Moderate climates like FL can be lower, but insurance is high and you're close to the coast which has other maintenance issues.I'm unclear on the loan terms, so I'll assume $770K, fully amortized for 30 years at 6%.

If I make some modifications to unit sizes (another $8k investment) and offer some climate controlled units and better management I feel that I can increase net income to $30k year at 75% occupancy.I know the owner is motivated and just wants out, I feel I can get him to accept $120k or less with owner financing.

Liberalism is a mental disorder.

Given the current lending and credit climate, how much cash reserves would you consider enough to start a business flipping homes?

More people died in the name of religion then from any combination of diseases, and it was in this realisation that globally in 2039, religion was officially declared an "infectuous mental disorder" and a cure was sought.2050====The Only treatment was determined to be isolation, so a dome was created over Australia and all religious zealots were relocated there and the dome was locked for what was to be 1000 years, at which time, the doors would be opened, and the world would find out who won.3050====The doors were never re-openned, no one cared ..Mankind was saved!