@Jack B. you are correct that unused reserves do go back into your pocket at sale. 

Thank you for the reply Dan.

Thanks for the reply @Gordon Cuffe. 

And paying off the card. correct?

What @Matt K. stated was correct, the property taxes are high here and in certain areas the prices are high as well.....but based on the current market conditions for real estate all over the world......Everything is much  higher than normal.

Your taxes are not correct .. restructure this deal and this may actually Pan out to be a good deal if you could buy it with all  cash and not put 30 grand into it or hope to brrr it .

Thank you Andrew for your reply!

Potentially, I could go back to school if I do this RE thing correctly so I greatly appreciate everyone's help. 

I know they are trying to update the law with the choice act because the Dodd-Frank has had unintended consequences that for some reason the Consumer Finance Protection Bureau wont rectify...Former Congressman Barney Frank, who co-sponsored the legislation, said he was “regretful to realize” its negative impact not long after Dodd-Frank became the law of the land.In a 2011 letter to a constituent, Frank wrote:“I do not think it is necessary to include manufactured housing as part of our effort to prevent abusive mortgage practices, and I am now working with my staff to see if we can find a way to make a change that would deal with the problem you correctly point out… “

Sorry for not replying sooner; between a recent move and focusing on a career transition, I hadn't seen your post.