I am basing my calculations on the lower number to be conservative.

These are not actual numbers but just for illustration purposes - though look quite realistic for the market I am considering based on Zillow, FurnishedFinder and other sources.Vacancy rates for MTR are low due to an acute shortage of nurses. 

Your agreements with contractor should be based on a schedule of values and when work is completed they get paid.

I do think it takes far more time to master pricing than you make it sound because pricing based on beyond / price labs etc. is really bad.

@Mark Walker - There are no conventional "dscr" loans for SS and MHP; however, the actual metric still applies when evaluating the physical ratio performance of the asset classes.Private banks are really the way to go here and leverage is determined based on POH vs.

Based on what you're telling us, you may be good to go with qualifying for an FHA loan.

Just wanted some insight based on above discussion.

Based on what you described you will be incurring significant expenses renovating the building.

We're based in the Bay Area and looking to volunteer for anyone working on wholesaling.If you’re in the Bay Area and could use an extra pair of hands on your next wholesaling deal, let’s connect!

We're based in the Bay Area and looking to volunteer for anyone working on wholesaling.If you’re in the Bay Area and could use an extra pair of hands on your next wholesaling deal, let’s connect!