I dont want to settle for a bad location just to find one because ive been told location plays a vital role in that properties future success but i also fear i wont find any deals in the better areas like the lake bluffs, lake forest, long grove, etc.

.-31 spots-16 septic tanks (two spots to each tank)-Lot rent $200-5 Tenant owned homes (TOH)-1 Park owned home (POH)-About 3 vacant homes able to be renovated-About 4 destroyed homes that need to be removed-18 vacant spotsIncome (monthly)-$1,200, not including the POH rent, only lot rent.Expenses (monthly)-Trash $400 -Environmental inspections for homes moving in $40-Street Lights $240-Capex $40 (Roads, Well pump replacement)(Still formulating what other monthly expenses there will be i.e insurance, management)-Total: $720Other Details-On well water-Individually metered for electric-No property management-About (1/3) of the park in a flood zone-Flood zone spots require a FEMA foundation (2k-4k to build)-Owner owns free and clear, seller finance is a possibilityI have been thinking about offering the following options to the owner:1. $100,000.00 Cash/Bank Financed.2. $118,250.00 Purchase Price, $10,000.00 Down Payment, 180 Month Term, $601.00 Monthly Payments, 6 Month delay in payments (In order to create cashflow).3. $136,600.00 Purchase Price, $5,000.00 Down Payment, 240 Month Term, $548.00 Monthly Payments, 5 Month delay in payments.4. $167,000.00 Purchase Price, $0.00 Down Payment, 360 Month Term, $464.00 Monthly Payments, 4 Month delay in payments.The DownsideThe moment I add in the seller finance debt service, the deal is negative cash flow by $100-300 each month.

@Samuel Abundes anytime and I'll be honest I don't know how often Joe gets on here but if you follow the link for the title company his contact email is on there, it wont let me post it on here - just fyi

The landlords who say they love Section 8 rebuff the destruction of property claim citing that in their experience tenants are afraid to lose their voucher therefore do not destroy their properties.

If her running the washing machine is causing this (not sure how from description) get the water line capped off until you can "get someone out to look at it" which conveniently wont happen until after she moves out.

I wont say im borrowing it, also, that will make them feel safer because I have money saved to pay the mortgage no?

Aka, since I originally said my coborrower will be nonoccupant, they wont reconsider?

You should also probably bring a contractor since you probably wont be able to accurately estimate repair costs.

You wont find what you are looking for in your LLC unless its private money, possibly, but you will pay much higher interest, why not just do the 75% and and sit on the 5% you will make it back in time. 

Canada even though we look at it as an extension of the US its is not its a foreign country.. so what anyone in the US thinks or says is not germane other than logic.I know when I had my place in BC if I was gone more than a week INsruance mandated that I have a service come by the house throughout the winter to make sure no pipes burst etc.. other wise they wont honor the insurance..