Also I would be able to comfortably pay a monthly "mortgage" for a 12 month loan as well, while the project is rolling. 

Most lenders don’t consider manufactured or mobile homes real property and there are lots of requirements and stipulations a buyer has to meet to qualify for a mortgage.  

Like Robin said, you could stumble on a bridge lender that will give you a ton of proceeds in mortgage, but that runs its own risks.If you want the conservative, but open to lending to your LLC with outside investors, get on Fannie Mae's website and look up the small balance brokers.  

Yeah there’s no reason existing duct work and I gotta see what type of space is in the attic.

The $80k quote was from an existing buyer’s contract who had the same house plan with structural changes for the 3rd car attached garage built back in June 2023.

Also, have a chat with a Missouri mortgage lender—they can explain the different loans and if they have any rules about living in the place.

It is for sale by owner, but my realtor told me that the owner has an existing wrap loan on it.

There are several factors to consider when deciding whether to replace the old mobile home with a newer one or renovate the existing one.If you choose to replace the old home with a newer one, some "gotchas" to be aware of include the cost of purchasing a new used mobile home, transportation and installation costs, permits required for the new home, as well as potential landscaping and foundation work needed to accommodate the new home.

@Phillip Vaughan you could do an actual mortgage + note.

They will often want a new building constructed and building today with labor and materials is very expensive versus retrofitting existing building.When I buy value add vacant buildings the goal is to double the return on investment within a 3 year period.So if I can use the existing building and retrofit to same concept ( example previous burger inc. but now Whataburger wants to come in ) then not as much tenant improvements to convert.So if rent 20 a foot for 5,000 ft that is 100k NOI NNN a year. 7 cap value is about a 1,400,000 stabilized valueSo if I buy it for 400k and have 300k in it more 700k to get new tenant in the value is then around 1,400,000 based on NNN 20 a foot and a 7 cap rate exit value.If you want a premium price then you would need to sell to an end user tenant ( regional or national in nature) that wants to buy the building and put their concept in there.