Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

I would compare it to you or the Seller buying down the rate permanently.

Hi @Ken M. how are you getting around the due on sale clause being called when buying them sub to?

Just make sure the appreciation rate is strong where you buy. 

What ever you're doing to find/buy/create deals is working.

A demographic shift with more wealthy people buying there? 

Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land Hey @David Jesperson, welcome to the BP Forum and congrats on completing your first solo deal AND making a nice profit!

I did have to replace windows.

That being said, I don't have the information I would need to say for certain, but that sounds as if that's a high price for the asset you're considering to buy.

Some buy to park money, others do 1031 exchanges or they simply buy them for a tax write-off.