Was just inspected by the city, and passes all city codes, U&O permits ect.They guy did a really nice job of re habbing this unit.

I'm going back over there tomorrow to take a closer look.

She was so naive that one of the homes, SHE TOOK THE PREVIOUS OWNER'S INSPECTION!!!

Now the owners are no- responsive, wont allow the appraiser to inspect the property...What are my options in this situation.

BUT if I'm good at finding these deals, I'm way better off cashing in that 20K, even if I have to pay taxes and transaction costs, because I know I can get another 66% return with it, maybe even twice in a year, as opposed to 3%.As far as a property that's purchased closer to retail, the returns are more on a bell curve, and the IRR will tell you to sell at a more distant date -- they seem to pretty consistently fall at around the 8-9 year mark.

I told him that I would have to do further, more thorough inspections in order to make an offer.

With me being originally from Columbus county NC, and the rural coastal areas i believe the are there for bigger money investors, im just starting out and my line of credit isnt that big just yet, ive been in touch with realtors in the wilmington area but the homes after inspecting all have major isuues....termites...structural...or title complications....thanks everybody for giveing me this great advice, im not going to give up....Living here in Charlotte I believe the market is a tad bit inflated and everyone has taken a course or two in short sales or foreclosures, now when one comes available everyone jumps on it and it gets inflatted quickly taking the profit margin out...

Are you talking about an inspection or financials?

After closer inspection, we discovered that this manufactured home is literally separating where the walls and ceiling meet.

Give me an hour or so I want my face to be a bit closer, maybe just the way you have it Josh!