This would mean a loss of the current revenue stream; at least one month of vacancy for the renovations - likely more by the time it was rented;the cost of the renovations themselves (which would be fairly extensive); and the purchase of new appliances (tenant provided their own appliances).

And codes have changed over time, so touching something may mean more extensive changes than you expect.

Step 1 - Create an extensive cash buyers list with the specific criteria that each buyer is looking for.Since you have already signed the contract, you want to start escrow with a title company.

This took about 4 days with 2-4 workers and had extensive wood damage.

Although I have extensive experience in Texas with mobile home parks, manufactured home developments, and the owner of manufactured homes as rentals, the location of this park is not very appealing.Plus, I never negotiate through a real estate agent, especially, two real estate agents.

When some Wholesalers respond to my ads they will tell me that they are Wholesalers,but they have an extensive Cash Buyers list if I would like to JV.

Of course this could backfire if the first set of tenants you put up go crazy on the unit, but that's why mentioned the more extensive background info.

Hi GaryI don't have any experience with flipping MH's, but I have done extensive research on purchasing a park.

There would be extensive remodel work needed for the apartments.

Note buyers lacking extensive knowledge of both Federal laws and regulations as well as state specific laws and regulations regarding note origination, note servicing, debt collection practices, foreclosure proceedings and bankruptcy laws need to spend an extensive amount of time getting educated, or need to utilize the services of a broker knowledgeable in the specific area of interest.