my aviation partner started this company https://www.relevantbuildings.com/   not cheap but pretty cool and nice for ADU's in tight spaces like urban settings.we build new in Charleston SC and there was a development next to me called Hunley waters  they were all pre fab craned up and put together in a few weeks.. the EAST coast has far more of this than west coast market does not accept it like it does there.. we have starter builders like ADAIR  who does it real cheap but you need to do the dirt work and foundation.. and NO changes..

Still, do not.The last item that is concerning is the property does not sit fully on a concrete foundation.

I believe it also good idea to acquire Real Estate License as it give you the foundation and immediate access to MLS before anyone else without license.

We redid the foundation, cleaned up the first floor, redid the bathroom, new kitchen floor and completely redid the 2nd floor where 2 bedrooms are.

If so, this site will give you a good foundation and first steps: https://www.ccim.com/

.-31 spots-16 septic tanks (two spots to each tank)-Lot rent $200-5 Tenant owned homes (TOH)-1 Park owned home (POH)-About 3 vacant homes able to be renovated-About 4 destroyed homes that need to be removed-18 vacant spotsIncome (monthly)-$1,200, not including the POH rent, only lot rent.Expenses (monthly)-Trash $400 -Environmental inspections for homes moving in $40-Street Lights $240-Capex $40 (Roads, Well pump replacement)(Still formulating what other monthly expenses there will be i.e insurance, management)-Total: $720Other Details-On well water-Individually metered for electric-No property management-About (1/3) of the park in a flood zone-Flood zone spots require a FEMA foundation (2k-4k to build)-Owner owns free and clear, seller finance is a possibilityI have been thinking about offering the following options to the owner:1. $100,000.00 Cash/Bank Financed.2. $118,250.00 Purchase Price, $10,000.00 Down Payment, 180 Month Term, $601.00 Monthly Payments, 6 Month delay in payments (In order to create cashflow).3. $136,600.00 Purchase Price, $5,000.00 Down Payment, 240 Month Term, $548.00 Monthly Payments, 5 Month delay in payments.4. $167,000.00 Purchase Price, $0.00 Down Payment, 360 Month Term, $464.00 Monthly Payments, 4 Month delay in payments.The DownsideThe moment I add in the seller finance debt service, the deal is negative cash flow by $100-300 each month.

Investing without owning your own home is like building the walls of a house with no foundation. 

Just a heads up, there are a lot of older homes in the area with slab/foundation issues that may not necessarily be in a flood area but due to settling among others issues they can get constant water damage if they don't have a system set in place to prevent it.

I may use some leverage at some point but want to build a strong foundation of cashflow the makes me financially free first before leveraging later.

Another note: if the home is rotting above, and the foundation is damaged below, there's little left to save.