Looking through the pictures, these 4 homes all look similar to the one for $110,000, but are in better condition, albeit with cheap appliances/finishes.So, based off of this info, assuming I would put in nice (but appropriate for the area) finishes on this house, would it be a reasonable assumption to assume I could list for $160 and close for $155,000?

@Tiesha Mobley I know people selling mobile homes for cheap.  

We get a lot of leads from our DM campaign of people who want to sell under retail but not cheap enough for me to do anything with them.

Being a flipper I have some very cheap sources for appliances, fixtures and finishing touches that will put this house into a  luxury look for a mid level price point.

@Kyle Kelley   got it then I think its your call on the 6k over the long haul and at such a cheap price point if your getting what you think is a great deal then your good to go.. could you do better if you said no?

Then I bought 2 more for really cheap.  

I would forget writing a business plan and go over to Salisbury, or Kanopolis, or China Grove, etc and buy some cheap houses to make into rentals.

You will have to ay the fees for the licenses to each state, but that is relatively cheap.

http://www.businessinsider.com/cheap-detroit-homes...Came across this article.

If your question comes down should we buy an expensive residence that will hurt our ability to save or buy a cheap one and then save and invest as much as we can, I would advise you to buy the cheapest one that fits your needs and focus on saving and investing.