My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

We all invest in real estate in order to make money, and keep in mind that someone who can only afford to live in a mobile home and seller-finance to buy the land is probably tight on funds. 

Ive invested in the Boston & DC markets for 22 years now.

Turns out, the right marketing found renters who appreciated the quality and were willing to pay a premium.

Thanks Luka,I'm sure you can find a banger deal in Tampa or almost anywhere for that fact.Just work the market.Nothing works unless you do lolFor example, we buy a $#%@ load of motivated seller lists and my remote team cold calls all day.They are polite, professional and persistent on the phone.Keeping good record and track everything.I'm confident that if we re-target any other market in the US, we could find deals at 30-50% of market value.Just gotta smile and dial lolAll the best mate

You certainly can ask the seller to make the units vacant before closing.

Ask for seller concessions to cut down closing costs.

The seller also has a mortgage on the property.

What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

Looking to learn more about seller financing, the art of the deal as well as connecting with like minded investors in Chicago and beyond!