@Michael Hayworth  I think the all hat no cattle wholesaler should be treated like looters just shoot the bastards  :)Anyone who ties up a home without the money in pocket and intention to follow through.. is the lowest of the low in normal circumstances but in these cases with these flooded homes its just criminal in my mind.

Inspections should be a total of about $300-$400.Bring a Flagstaff realtor into the deal and get a 2nd opinion.If it checks out, I recommend keeping it as a rental and maintaining the home so it doesn't fall into disrepair.Make sure your tenant is financially qualified and I recommend no criminal background.A few things about mobiles/manufactured:They need a bit more maintenance than site-built.Qualifying for financing can be tricky if they are older than the late 1970's.

Using a company to check credit, criminal etc. is only 50% of the screening process.

Criminality appears to be low, or non existent (according to crimereports.com).

They informed me that ###### has concerns that the title company who handled your closing,##### Title Services, and specifically B###### E#####, is involved in criminal activity which may have affected the validity of the purchase of the property and our loan transaction.

Which in NC is typically anyone who is 18 and older that can provide 3 times the monthly rent before taxes and passes a criminal/rental background check free and clear of any felonies/convictions and does not owe any other landlord money, and was a clean tenant who paid relatively on time.

You could also be held criminally responsible in the event of a death or injury.

This is my first time posting so take it easy on me!  I've been getting really interested in real estate investing, in case my presence here didn't give it away, and I've been doing the typical newbie reading and fina...

  - 500Under roof (garage/workshop included) - 1500Over 5 acres of fenced propertyOur offer - $37kClosing costs - $3k maxAll the home needs to qualify for conventional loan is to have new kitchen appliances put in. 

Regardless of whatever you do with the security deposit, you do have to make sure that it is available to refund to the tenants upon completion of the leasing contract.I would tread lightly when it comes to security deposits though... as there are civil penalties (and potentially criminal) if you violate your fiduciary responsibilities.