He did not know about low cost options or raising money.  

Investment Info:Condo private money loan investment.

There's a property tax foreclosure auction coming up in my area soon (Ingham County, MI) and one of the properties being auctioned I found out is a 3 bed, 2 bath modular home.

Learn how to handle money.

Hard money lenders don’t want to see my accounting records.

Interested to learn the pros/cons from financial/tax/legal standpoint. 

Tax's will vary insurance will vary..

Hey @Max Kulishov, it's not a bad idea - I've done remodels on almost every place I've lived in, and the cool thing is you get to enjoy the renovations, you might have to do some minor repairs prior to moving out but nothing like doing a huge remodel + you can slowly renovate at your own pace rather than having to invest large amounts of money at once. 

Our hard money loans (commercial real estate) and the existing loans we purchase are usually brought to us by mortgage brokers.  

That's how you buy D+ properties thinking they are Cs and lose all of your money.