There will always be people with money who want a second home in Colorado who are fine as long as their mortgage is covered.

I have a hard money lender at 10%, who will amortize at 30 years, with 5 year balloon so a potential loan of $200k is in the works.

The buyers I resonated with, who I believed in as operators–those were the people I was willing to be flexible with.

Most will be negative because they have had bad experiences with it. 

It might be best to hold off until you hear of other BP members who have experience with them. 

You will learn a lot, but you just may walk away with new friends, new partners, and maybe even someone who can call a mentor.

What could be going on here?

Upon inspection the appraiser will see the crawl space and see it was a mobile home plus a HUD tag and public record.One of the requirements in mobile home financing is the property "Must" be on a concrete permanent foundation(in order to be real property) on top of that it requires concrete pillars, skirting and the "Well and Septic" dug and placed within legal distance from subject property.

This is what is known as a diversification exchange, and can be great for the investor who wants to diversify their portfolio.

Lots of sellers will be screwed.