We have been tossing around the idea of purchasing a lot currently occupied by 3 mobile homes with the intention of holding them for a year or two and selling to build as many multifamily homes as we can fit. 

Id say exam each lane and see what fits you.

By utilizing attractive long-term  debt when it's a good fit, you will still have the resources to buy cash when it's to your advantage.   

If you want to give me more specifics on locations or DM me the address I can give you some names of companies that would be a fit.

We are also out of state, so it's out of the question anyways.With your case, I'd suggest asking to see if its the right fit.

Your broker determines the best fit for you.Retail lenders do most everything in-house, from origination (your loan officer) to underwriting, to funding, and even servicing.

Hey, if it fits your criteria... and the numbers work for you.... what do you care what it is assessed at?

Not sure I am a good fit but happy to point you in the right direction to get you going.

I read about a 203k and it seems to be a good fit.

I was thinking of adding a awning for shade and pavers on ground . since the units are so small  this extra space could also fit a table for dining besides making the laundry area shaded .will it help to increase rent ?