See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.

The home is in a good location - 3 blocks from the up and coming revitalized "downtown square" with boutique shops, cute restaurants, coffee shops.

Learn the basics of financials in RE, build a strong team on the ground, understand the ins and outs of RE and what market your in, understand how to actually flip the home and what strategy you are doing (Highly recommend the BRRR) as holding homes is where the money is made.REAL ESTATE IS NOT EASY!!!

A client whom wanted to sell her home but was under water due to needed repairs vs current market condition How did you finance this deal?

The home was built in 1800, but looks like there was massive renovation done and from the looks of it I couldn't even tell it was that old.

Now I'm looking to move into larger passive income streams using MHP. thanks, 

Is it a bad idea to invest out-of-state for a first time home buyer/investor?

Even if I take my example, I went under contract end of last month and there hasn't been another home that went under contract in that subdivision.

Build mobile home on the vacant lot I understand the cost involved for rehab the existing house.  

You can do first-time home buyer programs that will reduce the amount of money down, or you can take some money out of that property your dad left you to make the numbers for an investment work for you.