After some showings by the agent, the general concern from potential buyers is the location.The property is located near a commercial ave (Back to a vacant lot facing the commercial ave and a car dealer backyard in front of the street).

Some concerns include: The burden is you on the landlord to bring an ejectment action to remove the tenant.

I am mostly concerned about his ability to afford the rent with a wife who isn't working and 2 kids.

Seems like everyone is concerned about cash flow (rightfully so), and therefore they go with a 30 year.

Is there any REAL reason in your region that you should be concerned about the economy?

I'm concerned.

If qualification if a concern, then perhaps a blanket loan would be better. 

Hello everyone on BP I've been walking with some people and interested in possibly doing the brrrr strategy my only concern being full time flipper how I go from hard money loan part to the conventional loan part if I don't have a proof of income.

You're at the 2% rule which is good......my concern is if it's a $20,000 property it is definitely in an "F" area so you may have some challenges regarding keeping good tenants, collecting rent....etc. 

My concern with your park would be how to make the numbers work with only 8 homes  Rents would need to be fairly high and/or price very low for these types of deals to make financial sense.