Tenant's right to compensation, repair or renovation54. (1) A landlord shall compensate a tenant who receives notice of termination of a tenancy under section 50 for the purpose of repairs or renovations in an amount equal to three months rent or shall offer the tenant another rental unit acceptable to the tenant if, (a) the tenant does not give the landlord notice under subsection 53 (2) with respect to the rental unit;(b) the residential complex in which the rental unit is located contains at least five residential units; and(c) the repair or renovation was not ordered to be carried out under the authority of this or any other Act.2006, c. 17, s. 54 (1).Same(2) A landlord shall compensate a tenant who receives notice of termination of a tenancy under section 50 for the purpose of repairs or renovations in an amount equal to the rent for the lesser of three months and the period the unit is under repair or renovation if, (a) the tenant gives the landlord notice under subsection 53 (2) with respect to the rental unit;(b) the residential complex in which the rental unit is located contains at least five residential units; and(c) the repair or renovation was not ordered to be carried out under the authority of this or any other Act.2006, c. 17, s. 54 (2).If a tenant exercises the right of first refusal, it looks like you will be limited in how much of an increase in rent you can ask.Section 54 reads that you need to pay the tenant up to 3-months rent as compensation or offer them an alternate place to reside during the renovations.In NB we have neither of those requirements, we need just serve 3-months notice of termination to have the unit vacant and then commence renovations within 60-days.  

The challenge in the MH seller carry back world isn't DF and SA compliance as those can be addressed.  

A person with integrity will consistently carry out the spirit and intent of the agreement.

Great it should show well with updates.All five comp numbers adding = 390,600/5=78,120 avg price  sqft 8,176/5=1,632 avg sqft Now 78,120 avg price /1632 sqft =47.86 avg sqftSo your house is 1803 sqft x 47.86= 86,291.58 (bigger home than listing comps) Hmmm:)Dont get happy just yet, you want this to sell fast for less to limit carrying cost.Now if you want this to move quickly reduce it by 20% to 69,032, and this should move fast.

I am trying to think creatively here on how we can generate some income from this to office some of our carrying costs until we find the right buyer...hence the billboard idea.Here is a little about he location:- Back of property has clear visibility from major state route with INDOT listed traffic counts of 12 to 20k cars / day- Property is located on a slight curve, so cars traveling north will get prime exposure (though this may prevent having usable space for southbound traffic)- No billboards in the immediate area with tons of major retails present (i.e. tractor supply, Holiday Inn, Menards, etc.)So in addition to checking the City / State to see if I could obtain a permit, what other advice / insights do you have?

John , I'm an old golf operations guy , owned a golf mgt co , have owned a course for 20 yrs , have developed golf courses / deals , currently NNN lease the property that I own.I could poke a few holes in your assumptions , but prefer to just ask the question , " how do carry the investment from acquisition date to the date when you sell 100 @ $ 10,000 ?

My husband and I are currently purchasing a home from a personal friend who is going to carry the papers for us.

If that inventory were to "flood" the market, it would create another surplus of undervalued properties, which would drag overall home prices down.That could create a disaster for a new flipper who is over-leveraged and can't afford to carry the investment.

And that could also carry some long-term liabilities with it.

If you do go the CC route, make sure you negotiate the release price up front because all the boiler plate documents that lenders use would be in their favor and each house would carry a release price of the full loan balance upon sell or refinance.