Question,Recently purchased empty land, survey indicates neighbor property fence encroaches over few inches to 8+ feet in major area, and another approx. 1,800 sf. parcel off from out empty land. 

The approach that I took to investing in MHPs was to start small, get my feet wet, and not put too much capital at risk should the asset turn into a dud.

I think the best time to get your feet wet is when the market its hot so that you have the experience to take maximum advantage when it's cold.

@Jim AdrianIn my opinion a person that rapes or molests an innocent child, should be living in a place 6 feet under.

The dollar amounts are rounded to the nearest number. 1 Month 3 Months 6 Months 9 Months 12 Months 9.99% and 1% $9,163 $18,738 $29,975 $42,463 $54,950 10.99% and 0.5% $7,079 $16,238 $29,975 $43,713 $57,450 11.99% and 0% $4,996 $14,988 $29,975 $44,963 $59,950 As can be seen, each rate could be the best option for the borrower based on the amount of time that it takes for them to complete their project.

For example you may need a certain amount of feet between the end of the lot line to the foundation.

to be some upside that I am missing in my valuations:Purchase price:  495,000Units:                      16Rental Income:      8,400/moDown:                    20%Down:                    100,000Closing:                      6,400Repairs:                    16,000 (assume 1,000 per unit)TOTAL INVEST:     122,400Costs:  Debt:                  2,800.00 (6%)   Taxes:                   690.00  Insurance:            200.00  Sewer:                   800.00  Heat:                  1,200.00  Yard:                       40.00  Garbage:              300.00  Cap Exp(3%)        252.00 (Lower than I normally go)  Repairs (5%)        420.00 (300.00 per yr/unit)  Mngmnt (10%)    840.00  Vacancy(7%)        588.00  Screening              40.00 (tenant screening)TOTAL COST:     7,600.00 (rounded)Monthly CF:          800.00 (yikes...…...50.00 per unit!!)

With that much debt and 7k in cash for two people you shouldn't get another house til you get your feet on solid ground. 

I just had a buyer back out because they got cold feet after over a month.

Find a way to help them get back on their feet without derailing your own life.Even the idea of a triplex is bad because you would be renting to family.