The property is located in Mobile, AL.Please give me your thoughts!

My name is Greg Mercer, I live in Daphne, AL and just got my first investment property under contract in Mobile, AL.I'm excited about the deal I got, its a Fannie Mae REO, 3/2 originally listed at 135k back in September.

Here, it can take over 2 weeks for city/county/utility and code violation searches for non recorded liens and these timelines are controlled by the agencies.

Something to consider would be to check out, or call up, temp agencies and ask if they work with real estate-centric companies.

the property published by a real estate agency.

I will call construction companies but I think they quote by square foot.I am amazed at the lack of information available for average cost per square foot to rebuild condo just interior and house everything.Best ballpark I can get is $75 - $125 / ft for condo and $200 - $250 /ft for house.Also insurance agencies I have dealt with tend to jack up the personal property limits for example $20K personal property for a 1 br 1ba 504 sq. ft. condo - give me a break.Here is what I will go with unless someone has better recommendation:-------Condo 504 sq ft HOA covers all external :504 * $100 ~ $50K Property + $6K Personal (appliances mainly)-------House 2300 * $225 ~ $518K Property + $10K Personal (appliances mainly)Also what if it cost less than the insured amount does the insurer get to keep the extra?

HiI was told that an oil company bought a ton of fully furnished mobile homes for the Bakken oil patch.

(I'm mobile so I can't agree them)

It's government money, there is no reason to spend money to improve the property simply maintain it to the agencies standards.

Hi this is my first post and I'm thinking about investing in mobile homes.