My biggest recommendation is to not get caught in analysis paralysis.

Try looking for lower priced mobile homes on private property that need to be moved. 

Look at insurance and tax costs, those two items are the biggest killer of cash flow.

you refused to answer her and sent me a private message where you asked me to take down her posts. 

This being said, I don't believe we'll be able to meet the income requirements to qualify for a conventional.This leads me to believe hard money or private lender is more the only option to get my foot in the door, use my business to make repairs at very good rates, build some equity then refi once the balloon is due. 

So true my Dad started a company in CA in 1980 called Cal Wrap the all inclusive DT had just come out and we only wrapped PRIVATE MORTGAGES  never bank mortgages.

pretty warm right now, biggest problem is most of our inventory has been bought so we are waiting on more multifamilies to hit the market.

The biggest problem was that the home was infested with insects and rodents.

Here’s the biggest risk.  

From what I’ve heard, private lenders or small groups often jump at projects like this when presented with clear ROI.