I left a message...waiting to hear back.It does seem to be listed just enough below market rent to make it very appealing.Its obvious now it is some kind of scam but I am curious on what the angle is, to scam people's deposit money or to see if there is plenty of interest for a potential buyer.I'll let y'all know what I find.

The reason I gave such a wide range of 415- 445 is that the last house that sold in the neighborhood was about 3 months ago.

This leaves you with a positive cash flow of $33.The $775 used on the expenses side of the 50% rule covers:TaxesHOAInsuranceManagement FeeMaintenance (deferred and immediate)TrashSewer and WaterAny House Wide (manager account) utilities (porch lights and such)There are many more possibilities and you won't pay some of the above depending on what you are purchasing.

- NedThat sounds like a really good idea.Probably get a better open rate and if you tailor the message like that it is a different angle than anything else they have seen

From what you said, it may be just that he is unsure of the wide criteria and can't narrow it down enough for me.

I understand that's a wide range, especially when you multiply by 4.

I like to review all angles of it not just what they're telling me in the book.

I own 2 steel frame double wide modular homes, and I have had 0 issue getting them financed in Indiana, by an IL bank.

I'd love to hear if there's an angle to this that I'm missing though, since I'm new, too.

I like to think of it from a different angle—If I had unlimited capital, what could I do?