Basis is extremely important in these entities and if audited can and will come into question. 

If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse. 

Be extremely cautious when processing your next applicant, this one seemed doomed from the start.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

After today’s experience with the extra “PM” fee tacked onto the already extremely high placement fee, I felt I had to say something.

Extremely helpful and constructive post. 

So much fan love sounds and feels extremely odd.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I personally used Jon McGraw in the past and he is extremely knowledgeable in the field. 

Mobile homes are cash cows and we are doing extremely well with them.