Their website reads: 5 year fully amortizing loan No credit check No income verification No prepay penalty Foreign nationals eligible 6% seller contributions allowed Just 35% down payment required Appraisal required and property must appraise for at least the sales price of the home (will consider physically distressed homes, but no burnouts) Title must be clear of all liens and encumbrances Close in one week Borrowers can be US residents, foreign nationals, corporations, partnerships or LLCs (proof of good standing required) Loans made to investors only Purchase money loans only (no refinances) Properties must be single family residences (1-4 units) No manufactured, condos, log homes or vacant land Minimum loan amount $20,000, maximum $100,000 Limit 5 loans per borrower at any one time (exceptions considered but not guaranteed) States where our loan product is available:AL, AK, AZ, CA, CT, DE, FL, GA, IL, IN, KY, LA, MD, MO, MS, MI, MT, ND, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WY.States where our loan product is NOT available:AR, CO, HI, ID, IA, KS, ME, MA, MN, NE, NV, NC, SC, SD, WI.Unfortunately WI is on the list of "not eligible" however just thought I'd throw this out there.

Lot is cheap (under $2000) I'm thinking of building a real foundation and putting a 3/2 brand new manufactured home down and renting to college students. 

If you have little or no money down, then, you may have to start with a manufactured home or a trailer.

If notes should be discounted pennies to the dollar, why do big manufacturers like Clayton carry billions in paper?

Hi Wes,I would be interested in talking with you about Manufactured home (MH) investing.

Try washing a door with Murphy's oil soap and see if it look more "new", or "new enough" to re-use, and maybe think about just working with the cherry or whatever color the manufacturer put on.Also if the cabinets are not luxury to start with, the finish probably won't make them so, as because as others have said, they lack the special slow close drawers, dovetails, special cabinets, wine rack, moldings, etc... 

Maybe it was my 10 years in in Sales & Marketing for a manufacture where we routinely had to pass on price increases to our customers that makes attempting to pass on increases a standard part of the business.  

Have you considered manufactured homes? 

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting $20,000, D class properties.

Most racking (roof attachments) that solar companies use are from manufactures that have been UL tested/certified.