Hello All!  This is my first post on bigger pockets.  I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-...

Hopefully this topic will garner the attention and help that you seek as I plan to learn from it as well.

When I was seeking advice about where and what types of property to invest in, one old saying stuck out: everybody has to live somewhere.

The "just market value" of their land is then listed at $250K (the county defines JMV as "The price at which a property, if offered for sale in the open market, with a reasonable time for the seller to find a purchaser, would transfer for cash or its equivalent, under prevailing market conditions between parties who have knowledge of the uses to which the property may be put, both seeking to maximize their gains and neither being in a position to take advantage of the exigencies of the other.")I am very interested in learning by participating in this deal but I don't know whether i am getting screwed through 1) him assessing my basis too low by valuing it at 212 instead of 250k and 2) the terms of the overall deal.I am leaning towards doing the JV since there are other places where I can learn about rehabbing and renting, or flipping, but this property offers a great opportunity to participate in a development with a high quality experienced guy who is very well connected. 

Additionally, I am seeking private investors that recognize the experience and knowledge that I bring to the deal.I hope to network with lots of people here on BiggerPockets!

Are you seeking a foreclosure defense, foreclosure mediation, foreclosure strategy, foreclosure modification, .....

I am seeking helpful information.  

Would you be seeking other partners on other deals? 

Your DTI if seeking conventional financing.

What's the loan amount you're seeking?