I am in the infant stages of putting together my business plan and want to make sure I have a solid plan of action in place on how to manage out of state deals.

(My idea for the partnership would depend on two scenarios - we have not sat down yet and came to a solid conclusion at this juncture, however option one would be he stays in the long haul - I help finance the deal, take care of that side, put in my sweat equity/management where I can, then take care of lease out, property mgmt - we'd split equity 50/50 - second option would be for his exit at a pre-determined point in time.... cash out refi - and he gets 50% of the equity - walks away or keeps a percentage of equity leave some cash in the deal etc)Am I out on cloud 9 as far as getting build cost down to $50/sq ft or so?  

You will need to do some selective demo to open up the area in question to get to the root of the problem. 

Folks if someone was to start a local solid turnkey business (5/month ) there is a good demand out there for this product.

Our area is booming and we have most success in finding solid Buy Hold investments. 

Building a strong foundation of knowledge from books, blogs, forums, and podcasts will help you decide and create a solid plan.

You might want to get some solid leads on who is willing to do the refinance portion of the BRRRR.

Asphalt needs patching, sealing depending on the condition.Account Closedgave you everything else - his analysis is solid.

But if done right, MHs can be a solid investment.

[ARV [after repair value] x 65% - rehab = MAO [max allowable offer].So, if you are looking at a lower end home in a solid blue collar neighborhood that is less than 50% rentals with an ARV of $79,900  & it needs $20k in rehab you will need to buy it for $31k.  [$79k x 65% = $51k - $20k rehab = $31k MAO.IMHO - I wouldn't "retail flip" anything under $79k ARV.