Yes, on paper the entry price point looks great.

But, it is up to the buyer to verify those numbers.I once went under contract on a house that looked great on paper. 

Shope I probably spend 2 days initially cleaning and painting, I didn’t owner finance it to the original owners it was someone who called from an ad I put in the paper.

Hi @Konstantinos PorfyrisThe numbers may look good on paper, but a park of that size is likely not worth your time as an out of state investor. 

I was somewhat vague on this post in a first attempt at putting this idea to paper and getting others to track the thought process so I apologize there are still some missing pieces to the puzzle here.

My second property of June of this year was a combination of my mother-in-law providing me a loan for rehab costs and downpayment and the owner holding papers thanks to the book "Investing in Real Estate with No (and low) Money Down".I've never gone this specific route before of looking for private lending outside of immediate people I know but I'm realizing the impact this can have on my future in this business.

If you want to know the issues with the house look in the police logs in the paper if you have them.

I know this sounds like a textbook denial on paper, but she seems like a nice girl with a financially supportive family. 

The story I am referring to even made the local papers, but now you may find the story on the internet.

If you want to learn how to buy towels let us know :)