Maybe we can do seller financing for the $172K and then get a traditional mortgage after the fact with delayed financing?

Even cash flow on a decent property from years ago doesn’t compare to the appreciation over the same time.I have seen cash flow investors that end up investing in Ohio or some other C or D neighborhood regret their decision after realizing there is zero appreciation in those places and cash flow won’t even cover a major expense if something happens. 

It’s worth calculating the total investment (purchase price + wiring replacement) and comparing it to what the property could yield after the upgrade.

If you compare it with growth from Stock investment you will be disappointed.

whats traditionally referred to as "DSCR" loans are not going to be eligible in non-state territories unfortunately

@David Calme I've started talking to Four Peaks but I'm very interested in your list of proven MHP funds/operators so I can compare.

I'd start by refining your search criteria, researching the surrounding markets, and comparing them to what best fits your needs, etc. 

That's comparing apples to oranges.

Via a study I done comparing the Preforeclosure leads that PS provided with county records for over 167 counties across TX, CA and FL.

I look forward to seeing how this property performs compared to the properties in AR.