Purchase price: $84,000 Cash invested: $10,000 Sale price: $165,000 Single family home (manufactured) What made you interested in investing in this type of deal?

With proper planning, this can be a great investment!

@Anish KoshyThere is a lot of information out there on how to do your proper due diligence on a syndication, including the sponsor.

Connect with local investors and experts for a house-hacking strategy and ensure proper permits for rental properties.Good luck!

That way you are training him to go through the proper channels.  

It's super competitive here and we have a large flow of off-mkt homes coming our way, so we had to develop tools to speed up acquisitions/underwriting.I built something that allows VA's or very green staff members the ability to properly distinguish opportunity as if they had years of expert experience & local market knowledge.It will run sales comps & estimate ARV for you:And has drilled-down market stats that are actually useful!

Make sure you are properly screening your leads the same as you would for long term renters. 

Suggestion: AVOID LIKE THE PLAGUE.I never received my order, no eta, and the only response I received was dated 10/21 saying they’d contact the manufacturer for a status.

It was an unusual job for a brokerage firm: I was a non-broker consultant working for one medical-device manufacturer client with space needs on five continents.

As long as you're making payments on time and have proper insurance on the property, banks are happy and don't want to call a loan due.