**I did not add a management fee in there, but if you do even at $1500.00 your top end you are barely getting by....

On the face of things it appears you will have a hard time getting a +10% ConC return.

Apparently this is an issue that other investors have faced as well, because it requires a bank manager to do a minor workaround with a field entry in the system in order to make it work. 

Your bare minimum eviction in NY State is 6 months, but that would be best case scenario.

Because there was barely any cheap product and I had buyers looking for this type of product.

It's time, money and stress for everyone involved.Can you visit the jobsite one time and have a face-to-face meeting where you pay him $1000 and sign a note that guarantees he will recieve the final $1000 after completion?

Hey @Cameron Wells so the tiny homes on wheels are not real property, they are essentially RV's.What I would find out is what the property is worth bare.

Your equity is valued at the unpaid face value of the Note plus any accrued but unpaid interest.

Always keep in mind the alternative, the bank has no duty to sell for less than what the open market will bare for the asset.

Sometimes they still have the garage door and drywalled the inside... meaning that they did not do a foundation on the garage door line : they did not use a deputy inspector, they did not use the appropriate hold downs (metals) for structural integrity, they did not use the right calculations for framing (ie rafters for ceilings ) that are often changed in a garage conversion... did not use proper headers for windows and doors... etc etc I have been faced with these a lot when representing the buyer and I would : 1.