Hi C, I suggest you start by asking your zoning regulators there if this is possible.I suspect building below your tenant in a MH will violate their quiet enjoyment, maybe giving them free rent will keep them there until building is done.On 1 acre, wouldn't it be cheaper and as profitable just to drag in another MH and set it on a 1/2 acre?

Keela C. this is how you lose all credibility as a wholesaler.

When we purchased a property it went into a C corp.

I am fairly new to the St Louis area, but I'm looking to starting buying properties here soon in B and C neighborhoods.

People who are good at different areas and want different things so just because a deal seems too good to be true from a Wholesaler it's not always b/c they are hiding something it's simply not their business model.  

He wants to close in 7...Yikes......I have to slam this puppy into high gear quick b/c I think there would be 100K in profit once flipped.

What class A,B,C are most desirable from a cash flow vs. tenant problem stand point?

Typically, if you have a property under contract but can't find a buyer that means either a) you are paying too much for the property, b) you're looking to make too much from the deal and not leaving enough for the buyer or c) both.

There are two ways to do this:A = seller, B = wholesaler, C = end buyerClose A -> B first in which case you will need to bring funds to close the deal.

It's a B/B- prop in a C but improving area that is starting to attract some hipster/artist types.I just rented a nice 1:1 on the same block that was markedly smaller but charming, with a good floor plan, for $495 - which was basically .90/sf plus $50/mo utilities.If I put that same model on the new duplex, which is clean plain jane vs charming, I get a crazy number... $900, which is more than a 3/2 in this area.