I will take a closer look at the regulations you linked, and perhaps reconsider my location, as the rental property will not be my primary residence.

Then you can reconsider all of this from that point with a stronger monthly cash-flow and see if the situation has changed.  

The cost of the new regulatory burdens will outweigh remaining in the business of personal property financing.We seek HUD’s assistance in guiding the states to reconsider the application of their amended laws and focus on the intent and purpose of the SAFE Act: (i) to license individuals (not to create new licensing requirements for already sufficiently regulated entities); and to (ii) create uniformity and reduce regulatory burden.Implementation of the SAFE Act through NMLSR is not Meeting its Minimum Goals.

Money ebbs and flows, investors don't have an endless supply of time or money, so you need to have the deals ready when they are ready to take them down.One last thing, I might reconsider your assignment fee. 10% of your asking price is a lot of money for simply getting a contract and assigning.

But we have reconsidered that and feel we might do better offering both lots together, selling it as one very large lot (almost 2 acres). 

Flipping is very high risk, all real estate investing is high risk, if you are not prepared to accept that you can lose all your investment you should reconsider investing.

If it doesn't sell, have them reconsider their price and try again at a more realistic number or walk away.

See the crazy lady's post below:LANDLORDS..... keep in mind when you say NO PETS you ARE discriminating AGAINST disabled people with therapy pets BEFORE they have even had a chance to get into your building.. like the blind who has a therapy dog, or the elderly who might have a therapy cat, or the CHILD who might have special needs only his therapy dog can do... and THEY CAN AND WILL SUE YOU to own the property you are trying to rent... so reconsider renting to them that way you collect the money from them and retain your property instead of losing the property to them for DISCRIMINATION... cause i have had enough of being discriminated against and i hope all DISABLED people with THERAPY PETS ban together!!

this was one of my first posts and cant express how surprised, and grateful i am, at the quick and helpful responses.i have a phone interview today at 4pm for Freedom Mentor's program (Phil Pustejovski). although, im reconsidering signing up, and taking your guys' advice; ill extend them the courtesy and hear them out, and make sure im not missing anything.

I do hope you reconsider the mobile home angle as they are difficult to finance to buy as well as to sell and holding them long term will create more problems in management, IMO.