She says there are some out-of-state investors that are starting to come in and build four Plexes in the area and that is unusual for this area.

I assume so  2)  a  heloc at 5.9%  rate  seems   unusually  low ..if this is  accurate - this is a  great rate 3) is the  $880 payment for the  heloc an interest  only payment or  is this a  full amortized  payment ? 

It would be unusual for someone to have a good application but a secret criminal background.If something doesn't seem right, I'll do a Google name search in the states they used to live in, a facebook search, or some other deep dive.

However, this would be unusual in today’s environment.Q: Finally, would local smaller banks and credit unions be a good place to cherry pick these kinds of notes to purchase, or do you have to do the direct mail, website marketing, drive-around deal like other strategies to find these mortgages?

My question is, is it unusual to get a comparative market analysis done before purchasing a mobile home? 

By "standard" I mean, middle income, typical expenses & savings account, nothing unusual (like a large inheritence or family real estate business). 

I rarely make emotional decisions like that, but everybody who came to see the place really commented on the backsplash and how unusual it is, so I think it's one of the reasons why the place moved so quickly.In order to build the spreadsheet at first, I used Home Depot and Lowe's prices for things like doors, sinks, bathroom faucets, cabinets, etc.  

A month vacancy isn't unusual, but it depends on the market, price of the home, quality, amenities, job market, and 17 other factors.

If you assign a percentage, then an unusually high usage by one tenant gets billed to the others.One thing to keep in mind is that if people aren't directly paying for water, they have no incentive to "conserve".

I am uncertain as to the exact steps to follow when you transition.