It appeared that they are displaying 3 deals, 2 are fully committed already.

I'd want to get that as a written commitment from the lender. 20 percent is the standard minimum except a Fannie program that permits 10 percent on their REO properties.

So for me at that moment in time there might be no return on that cash that could entice me to use it because it is too much of a risk for other commitments.

work the numbers conservatively on paper before you commit to a property, let alone a property out of state.

How many will take the next greyhound out of town or go to court and face the Charges and Bill, I know you should agree it is a crime to commit mortgage fraud?

Make it month to month and don't let them talk you into committing to a year lease or even 6 months.

You could get some amazing exposure to the real estate community and learn a lot from a MRED especially if you are fully committed to it.

Often they have a relocation program to help move older homes out, but ONLY if you are committed to replacing with newer Manufactured Homes, which there is good money in!

You can try to get a commitment letter from them before the purchase, but that would be difficult if you're trying to get a quick close done on a cash deal.The other potential issue is that many banks will use the lesser of appraised price or purchase price, if the property is purchased in the last 1 year.

In addition to a possible "cocktail napkin" note (make sure a GOOD real estate attorney reviews the docs before you commit to buy), Mobile Home deals are a different animal than SFRs.