On their website it states regarding rehabs that projects that will require to comply with IZ are:rehabilitation projects that are expanding an existing building by 50 percent or more and adding10 or more units.Just reading this, its unclear whether you have to have affordable units only if you expand a building by 50% or if you expand a building by 50% and in doing so add 10 or more units.

Hi guys, I am thinking of making my first offer on a property in the KC area.Here are the numbers:Sale Price: 85000Down Payment: 17000Closing: 2000Rent: 950Insurance: 595Taxes: 857Vacancy: 29 (3%)Property Management: 95 (10%)New Tenant Placement: 40 (assuming 2 year tenancy)Repairs: 48 (5%)Cap Ex: 71 (7.5%)Projected NOI: $547Mortgage: 365Cash Flow: 182.13Cash on Cash %: 11.5%What do you guys think?

He is a bit tired of working on this lot and said that he would be willing to let me take on the project (I would have to get the financing and manage it, he doesn't want to get the financing)  and we could then share the profits of the flip.

@Gordon Cuffe I just wanted to confirm the numbers I came up with and your numbers are pretty dang close to my analysis.

Hi everyone,I'm a new MHP investor and I'm looking at a deal now and wanted to get some outside input on the numbers to see if there's anything I'm missing or need to consider before putting in an offer.  Here are the...

The ability to leverage your 100k over multiple projects makes it more attractive for additional RE income and also long-term appreciation.

In a way, they are your partner in the project.

I have not seen small condo projects because the construction defects law is not yet fixed so I think you will have a hard time finding insurance to build them.

The big complication is I have another flip project happening simultaneously with holding costs of ~$3400/mo.

@Justin Bock I do lending but would never touch a deal with a deal with a first timer doing that large of a project.