Because the inventory is so low, you really need someone that has the time and attention to dedicate to your home search. 

Careful to leverage your 401k because it can be used as reserves.

I used to use $30/foot as a decent ballpark figure for renovations, but it seems like renovation costs have gone up quite a bit, $40-50/ft has been the new reality lately, but of course it's tough to put a 'per-foot' number on any particular project because everything is unique.Mobiles on their own land can be flipped, just pay attention to the age, anything before 1976 will pretty much have to be sold on a contract or to a cash buyer.

Finally be aware we have 100 scammers for every genuine wholesaler so be careful my man, take your time, do your homework.

Your lender will need to see the executed lease as well as proof of the historical expenses, as well as, a well considered extrapolation of expected future expenses.I'm a commercial lender in Andover / Blaine; happy to help.Take care,Mike

It was never taken care of and I received a citation and a court date.

Also, would like to get some general advices from other investors in the area, what should i pay attention to when purchasing a home with prior foundation repairs?

If this is your first investment property and you don't have local market experience, I would be extremely careful.

If it's in bad condition (foundation, roof, peeling paint, unlivable)  the bank won't lend on it, so be careful there.

Take care of the property as you normally would.