Purchase price: $275,000 Cash invested: $45,000 Sale price: $400,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

As @James Carlson said, there are a lot of legacy unpermitted "improvements" to properties in the area.

When you do that, you can get better pricing and leaves less room for error.The best advice is to push forward as quick as possible, fail forward, and always continue to introspect on what you would do differently and then ACTUALLY go back and implement that change (easier to say than do).

@Jefferson Black- thanks - I am not aware of any lender that  will do a loan on an INV  manuf home property ...you might contact the local small to mid size credit unions and banks in your area ...you also might try the bank that you have  funds deposited at - good luck

Welcome to BP Sam! 

Purchase price: $325,000 Cash invested: $150,000 What made you interested in investing in this type of deal?

I am interested to see if anyone else has invested in that zip code, and what they think long term values (5-10 years) will look like.

Where are you looking to buy in those states?

Hi Sarita, do you have the link to the county website?