If they need a quick close and want to do improvements, they can do a short term HML for purchase and rehab, then refi into permanent loan later.Many options available. 

Thats the strategy.Here in Germany all buy these houses for hold and permanent income, not for resell.

Eric Heller not only saved my home permanently, but never charged my a dime!

At half value I’d have no hesitation, particularly due to the nature of the settling “event” as being a one time thing, easily fixed, and preventable in the future.....as opposed to a sink hole issue which you never really know if it’s permanently cured, which is a different stigma.

I still do some consulting on the side but am lucky enough where my rental income has permanently been able to displace a high W2 corporate income.

Ok, looking at this specific home, this looks to be a mobile home on possibly a foundation of somebody didn't just built a concrete block skirt around the home, not a modular home.If this home is a true modular then the home owner should challenge the county to reclassify the home not as mobile.Modular homes, true modular homes, appraised the same as stick, they are not mobile, not manufactured housing, and not built to HUD standards.Yes they may have stickers stating where they were manufactured and yes if you go up into the attic or under the home you will likley see the join but the homes are built at or exceed local standards to where they will be placed on a permanent foundation and where they are real property not personal property such a a mobile home.

I was under the impression that it's better to have a stable permanent job when buying a home. 

Also RV's are a big break in issue and also hard to get people to let us know when they permanently move out, even with signs.Just for kicks, look at Loopnet 3134 Bridge Blvd, Alburquerque. 

I'm not updating an appliance which would eventually need to be replaced, this would be a permanent solution.

If the axles are removed and the mobile is placed on a permanent foundation on its own parcel of land they are appraised with the land like a traditional house.