To give you some "big picture" items about FHA loans, they carry a low down payment but the closing costs are higher.  

One very important item to keep in mind when buying with cash and seeking to do a cash out loan in the first 6 months is that you will be limited to 75% of the After Repair Value OR purchase price + closing costs....whichever is LOWER.  

HVAC replacement, appliance replacement, window replacement, concrete flatworm replacement or repair, etc..repairs that are unusual or irregularly done (not regularly done)".ie. those are mostly capital expenditure items, and as @Steven Preston pointed out above: "NOI does not take into consideration debt service, capital expenditures*, or depreciation". 

@Steve Cady...IRS filings are one of the important items a servicer should be providing as part of their services to their clients. 

Investors who do not consider these are in for a huge surprises when the big ticket repairs items hit the pocket or if you decide to move out of town and want to professionally manage the property......and poooooof......!

I did just want to point out a few key items that might help you locate a turnkey provider.

So now you can qualify for your next house.You will have to pack your personal items, and move to YOUR NEXT HOME OR -->APARTMENT.That's right, if you are not in a position to BUY your next home now-- it is better for you to RENT an apt for yourself AND rent out your former residence ( it just became a great rental property!)

This determination has just as much to do with understanding what parks “not to buy” as it does “parks to buy”.Successful negotiation - Assuming you are good at the prior skills, you will still need to understand valuation of parks, so the end result is an acquisition of a park at a fair price that will allow you to be successful.Due diligence - Understanding what items to investigate and how to navigate the process to eliminate surprises.

The items listed on that permit should include everything you are looking to rectify.

Hi All, Thanks in Advance--My investor marketing/mailing turned up a homeowner who was ready to bail and just abandon his house. Unfortunately, he owed way to much to take it on as a flip--and not interested in it as ...