If they would be able to get an apartment for 600-800 a month and we're talking a 100K difference in price then maybe you could work out an interest only loan where they sell under market but take back a second with interest only.

I was thinking you could do the whole loan plus the down payment/closing costs with CHFA and not have to involve family at all as that doesn't always work out well.

I am thinking of cutting the stone work out as this could save possibly ~$500/600, and just painting the fireplace.I'm worried this would be attractive for modern/contemporary buyer, but not for everyone??

Did 2 transactions with them and was uncomfortable during the process but it did work out with their title company.

Do the units have in suite laundry,off street parking,dedicated parking space for each tenant,separate storage units,lake or skyline views,clubhouse,pool,workout room,concierge service,utilities included etc.You have to make sure the landlord is not giving rent credits for first month or waiving security deposits which will lower your actually monthly rent numbers.Rents could be fixing to drop for the area and the tenants lease terms are fixing to end.Then after you buy they come to you wanting lower rent or they leave.When foreclosures or short sales happen around the area the new owners that buy for cash or a loan loan amount after down payment can achieve the same or better cash flow with the lower basis.This results in them leasing for below market to retain tenants or fill up fast and puts downward pressure on average rents for the area.

Slow and sure like the tortoise and things work out nicely.

Perhaps if you wanted to save your money and test the market with MH you could decide if it will work out for you or not.

If you have your own land and want to sell it as a land/home package - that might work out depending on how your market is there.

if this doesn't work out for you.Discounts I'm seeing lately are 10 to 20 percent, minus needed repairs.

How did it work out and is that a good way to go?