(Sorry for the long intro but wanted you to get an understanding the type of contractor he is and why i want to make him a partner)Anyways, I did a 3 year flip of the house I lived in and with that will have enough capital to start a business flipping houses in an area we are both familiar in.  

I have not invested in any mobile homes but the town that I prefer to do the majority of my investments in is difficult to find properties and they go fast.

I know some folks like to look at 150-200 cash flow per door,,but I prefer to look at cash on cash return. 200$ per month on an investment of $20k is 12% annual return, but that same cash flow on a property that you have $50k invested in is only a 4.8% return.

It has worked out well as this builder does very high quality work and the property in is in a good neighborhood in a great market.

What neighborhoods are you looking to continue investing in?

Like San Jose, The area I invest in is expensive but with manufactured homes you can easily meet the 1% rule and cash flow nicely with minimal repairs.

Anyway, I have been on BP for a few weeks now listening to podcasts and reading others' posts and thought this was the perfect time to dive in.

I had the same question, and someone told me that you let your seller knows that they don't get paid until your renter moves in, I hope it helps.

I definitely see their point that they're covering themselves for not getting an unfinished house, but I can't risk losing a month if they don't move in, I feel like going to the people that came at #2, How would you guys handle this?

I am trying to purchase a home that my family grew up in.