It took longer than we would have liked and it cost more than we would have liked, but we made a significant profit.

As I am considering this option, I am looking for a standard agreement from one of these companies.These companies are set up to make a profit, nothing wrong with that.  

You need a place to live, so find something that provides a roof over your head and the potential for a return.I know a guy that buys fixer-uppers, lives in them for a couple years, renovates along the way, then sells for a profit.

However, in this case it’s worth circling back in 3 months, 6 months, or a year because this seller wants to sell, he’s just not ready to give up his fantasy deal.If the seller’s response is acceptance of the outline of my offer but countering on price or terms, it may be worth negotiating because we MAY be able to get to YES.My biggest profits have occurred when I made offers that were nowhere near what the seller was asking and yet WERE ACCEPTED, or with small modifications. 

I make $3000 renting it out, the mortgage is $1500 plus the utilities so I am profiting $1000/mo.

They used the profits to fund their life style.2.

Had him as a tenant for a yearOther one was former owner...I did a Rto deal selling it back to him for a good profit

Phil is looking for people who he can mentor and split profits with whereas Kris is just investing other peoples money in a proven system. 

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

Why would you spend thousands of dollars and lose months and months of profit to do that?