*Obviously I would need to confirm the given numbers, but assuming they're accurate any advice you could give a first time MHP buyer?

But, that gives you an idea of what you'd need the purchase price to be in order for the deal to make sense.Assuming the other numbers were accurate, and assuming you wanted to earn about 15% of the ARV in profit (about $30K), you'd need the purchase price to be no more than $115K.

Of course you also have to know enough about real estate in your market to be able to establish a good ARV (something I'm still learning) as well as enough about contracting/rehab to estimate repairs fairly accurately.

My rule of thumb is to figure out how long you THINK a project should take and then multiply by three... it's actually scarily accurate a lot of the time, lol!

that was quite accurate depiction of some of the bad players in the industry through those troubling times.I know even before the melt down when I was super active in courthouse steps buying.I dealt with personally the trustor that swore up and down they made a payment they are being screwed. etc etc... was some tough situations.I had one attempted suicide and one that was successful .. was not for the faint of heart.

The estimated repairs will always go over...Especially if you are doing major renovations...Lipstick jobs usually stay pretty accurate...Try and plan some contingency fund for that.  

Where I am, we are regulated much more stringently and we cannot be the license holder for another contractor, so to me that just sounds strange but you're there so you're information is clearly more accurate than mine, but it does bring up some questions that @Erin Bryant may want to know from a liability standpoint.

While the Appraiser does make adjustments for some of these items, it should be determined these are not like properties and making adjustments does not accurately reflect the value of the subject property. 

Your welcome to shoot me a message as we service that area I can give you a more accurate cost.

These are essentially 100% financed as I picked them up using a HELOC and are cash flowing with 12% repairs+cap ex, 4% vacancy (possibly low for the new acquisitions but historically accurate for me), placement fees (since I'm not local), PITI and annual HVAC servicing all factored in.