Sorry, but its best that you know the truth so you can quickly dump that MH for what ever you can get for it.Best of luck!

If they are professional, they can explain this quickly and easily.

Indeed, yeah I'm quickly finding that out especially just seeing how quickly the good deals go under contract. 

Anyway, we realized pretty quick that four people in a two bedroom apartment was going to lead to someones horrific death. 

It sounds like even a private lender (unless it's like your rich grandma or something) would probably balk at lending to someone with your personal credit profile.

When the time comes, dispose of the stuff, either through a local trash pickup or a dump run with your utility trailer.The main thing is to assert your possession of the house as quickly as possible and come through for the next of kin.

@Eli RollinsYou're interested in starting in real estate at a young age, I'm of the opinion that it's better at your age to learn how to talk to girls.And since the thread is well and truly hijacked anyway, and no one reads past the first page of comments, it's a good place to attempt to put together the argument I've been trying to make more cogently.The figures that I quoted above -- that 98% of millionaire households in the USA in the 1980s were run by a married couple or widow/widower, and 95% of millionaire households in the USA today are run by the same -- come from two different research-based books written by business school professor Thomas Stanley, The Millionaire Next Door and Stop Acting Rich...And Start Living Like A Real Millionaire.Stanley died a few years ago and his daughter/research partner is coming out with a new book later this year revisiting the compelling arguments he made about the typical ways that wealth is built in America.

If they are professional, they can explain this quickly and easily.

@Connor Burke just based on my quick look 1) all I can see is the outside pic you posted in the calculator, but based on the age of the house from that pic and the description mentioning needing a "little TLC" $8k may be low for repairs, 2) if it were me I'd up the vacancy to at least 8% since 8.33% each month would give you a month's rent set aside each year (1/12), 3) again, I don't know the age/condition of the house but my guess would be 7% CapX is a bit low, I'd up it to 10%.Not being familiar with the area, I won't comment on the assumed ARV, rent, water/sewer, or property taxes you used.

And you get passive income (preferred return on a monthly basis - mailbox income) and potentially get your entire investment back on a refi from appreciation.Rich help rich become even more wealthy.But you’ll have to be an accredited investor to play.Google IRS for definition.