I can’t fathom how residential real estate investors fail.

(I'm not familiar with the US sites on closed sales in a specific area and stuff....)What about negotiation with the banks about fees that can be waived - Do they do their best to decrease my investment?

Does anyone have a recommendation for a local hard money lender or bank that is willing to work with a new investor?

Of course banks were closed but they could have paid Saturday or any number of other days the bank was open.So I email them and ask that if they have paid to disregard my email but if they have not, since rent was now late (I only accept rent deposited in a business checking account) to include the $25 late fee ($15 general late fee + $10 per day late). 

The home was a bank owned foreclosure.

Can I put a clause in that I would make payments directly to the bank?  

hello BP community,So I got pre-approved bank loan now I'm looking to buy a multi family rental in Fresno, CA i've been looking for multi family, duplex, triplex quad plex. 

If it's a resident owned development why doesn't he just pursue a conventional loan from a bank that funds MH's?

Failing that, always assume the worst anyway, and explain to the Seller why you are fully justified in giving them a horribly low Offer.

Your calculations are correct, bank will loan up to 70 LTV less first mortgage balance.