Purchase price: $84,000 Cash invested: $10,000 Sale price: $165,000 Single family home (manufactured) What made you interested in investing in this type of deal?

If this is a 1-4 unit residential loan, most appraisers and lenders are going to use the sales comparison approach.

Can you leverage any of your real estate to purchase this?

That is the information you should be relying on when you make your investment decisions not the 154 rental listings available shown on ZIllow.

Congratulations on this investment @Michelle Nguyen ! 

Is there any rule or timeline in which this has to be done?  

Quote from @Saint Kyle: Here's an examplelooking for rehab funding on a triplex in youngstown, oharv $130k rehab $70kdo you know of a bank that's willing to loan on a product like this?

However, I’m curious how much of this process needs to be done with the Attorney and what I might be able to do myself.

This land was from my initial protege.  

Vacancy is often around 5%, particularly in high-demand markets, though this can vary by location.