I think if you've already determined what your general criteria is for the ideal fix and flip, you should share that info in advance with the people you are cultivating as future investors.General criteria like neighborhoods/towns you're looking in, the type of house in terms of size/age/layout (3 bd/2 bath built after 1960, etc), along with a possible range for acquisition price and rehab budget.Tell your prospects upfront that you haven't found the property yet and that the actual numbers will be different, but that this is the target you're shooting for.

I would say that properties valued at 50,000 in the area are a nicer than this one (newer cabinets, better layout.)

He's trying to do one of two things - probably BOTH things simultaneously:1 - Reprice the entire asset class - ie raise prices of mobile home parks as fast as possible.2 - Attract deep pocketed accredited investors to his private funds so that he can enlarge his portfolio as rapidly as possible while waiting for the stabilized caps to compress further.I'll lay out the remainder of my reasoning for this tomorrow.

I'm assuming since you don't know the layout that you've just found this, look a lot more into it and do your research.

What sort of money did everyone have to lay out to get these investments going?

How will the purchasing of materials work now that the layout and design of the house is up to my two new team members? 

I like the layout.

I really don't think the cost would be increased significantly, the existing layout will be used and the wiring is done, just a matter of removing mounting plates, replacing shingles and reinstalling.  

If you would like a design/layout/structure opinion sometime, please do not hesitate to contact me.

Again, the front of the building seemed to be in good shape and had to maintain a certain look due to the historical society but nothing in that building due to the layout seemed to scream I want to be here for a long time.