Hi Jacob, There are DSCR and Hard Money Lenders that will finance a manufactured home as long as it is not in a rural area, and there is no land lease.

thats basic list one can add.Value add /  New construction / land entitlements/ Timber / Minerals/ Lendingetc etc.. far more ways to actually make money than just buy and wait for rental income to payoff debtl 

As Hai mentioned in BC there are a couple of extra things to factor in if your parents sell it to you-the capital gains, foreign buyer's tax AND the property transfer tax all apply in BC and the middle one is not cheap (an extra 15%). 

Use the money only to stabilize assets and yourself.

The one thing I am unsure about is how earnest money works when you have yet to find a willing buyer to assign the contract to?

Just a note, people think "Hard Money", "Private Money", and "Bridge Loans" are the same.

Is this reasonable or do I need more money?

My question is, for a fix and flips, I'm considering financing the whole thing with a HELOC instead of hard money.

Your purchase price of 215k would be a bit higher which could cause you to lose money on the property.We have flipped a bunch and notice that even as a broker trying to be conservative in our ARV estimate, can still sometimes be too high by 5% (worst case 10%) in some cases. 

Parking is worth more than money down there in OB.....And I am pretty sure that your $$ numbers are low, about 50% at least.