Termites, sub-standard workmanship joining the two halves of the MH, drainage leaks, multiple holes in the bladder, mis-wired electrical sockets (not grounded!!)

"Replacing some siding" is very subjective, and can't really be bid over the phone, where "Replacing all the siding and wrap on the entire house with xxx sqft of surface area" is complete enough for a ballpark.When it comes to repairs, it can be very difficult to bid things without seeing them, so keep that in mind when calling contractors.

I'm not stuck on this specific property, just seemed like a good value on the surface.

Do you put a higher offer just to get under contract, knowing that you will lower your price during the inspection period as problems surface?

You need to have a landscaper re-work the area around the house, so there is a slope down and away from the foundation on every side, and, where possible, creating a swale to direct runoff in the proper direction away from the property (taking care NOT to flood your neighbors property, but there is likely a more or less "natural" direction the water should be draining, which has filled with sediment over years of drainage).

Yes, the law is clear on many fronts, basically, Lonnie Deals are dead unless you use a mortgage originator and a loan servicer.The SAFE Act and Dodd Frank are pretty well discussed here, but take great in who you listen to.We will have to wait and see how aggressive regulators are going to be, but understand, it would be nearly impossible to write a bad loan of some kind with a balloon payment that won't surface and become known.

@Jeffrey Bass Yes don't get me wrong though, there are good ones out there, you just have to scratch the surface. 

I'm just scratching the surface.

. - most new investors don't realize that there is plenty of money available to those who have a deal - so they fall on the sword of " I don't have the money to invest"   - on the surface  this can be a real deal killer for the uninitiated. 

My name is Brandon Trafford and I am a new real estate investor surfacing from Central Massachusetts.