Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The note would specify the terms of the loan ... interest rate, term, prepayment penalty if any, late fee, etc. 

At a list price of $105k and $40k of renovations, you'd be all in at $145k plus (let's say) $6,000 in closing costs and lender fees for a run-of-the-mill title and lending company. 

Check for redemption fee which can be costly....https://www.bankrate.com/landing/cd-rates/?

Looking for some info as far as deal quality and things to watch out for.Price: 149,900Units: 12More info:9 lots occupied. 8 of which are park owned.3 vacant lots and room to add 4 more.Ad claims 42,000 a year in gross income currently (with the 9 occupied units).I believe that makes rent/fees income equal to $500/month per unit.Wondering what sort of stuff to be wary of when reading ads like this.

There has to be room for closing costs, carrying costs, repairs, profit for the flipper, and your wholesale fee.

You pay an HOA fee and it covers electricity, maintenance, utilities, etc.

Last time my lawyer checked the balance it was about $400,000 with lawyer fees included.

Anyone know the best way to find out which units are delinquent on their HOA fees?

Tenants stop paying it.If you really want to expand it, setup a fee to wave the deposit.