Whether cutting in around corners and up against walls (floor), taping and floating the joints of the sheetrock boards or roofing a valley, around a stack, chimney or skylight.Look at those places first for obvious problems.

Section 8: kickbacks, fee-splitting, unearned fees Section 8 of RESPA prohibits anyone from giving or accepting a fee, kickback or any thing of value in exchange for referrals of settlement service business involving a federally related mortgage loan.

There's not even an acre around the corner, they're trying to get 160k!

If this a sloppy attempt to disguise a broker fee or origination fee, which should be above in the 800 section, never talk to this guy again.

Vacancy rate is 17%3. middle to low class income area4. mostly retired people.Based on this information my options are:A. to purchase 2 manufactured 3/2 homes (one for each lot at a cost of $39k each) to re-sale for $80k each (after selling and other cost) I estimated a $40k profit. the negative part of this option is that based on my research, manufactured homes may not sale for that high in this area.B. to purchase 2 mobile homes for $5k to $10k each and resale at cost just to recuperate the $30k of the land, cost of Mobil homes and any other cost.C. will be to do option A but to rent each for $500 to $600 per month based on what I can get for Section 8 in that area.Please let me know what you think or if you will consider another option.Additional facts:1. this will not be a 1031 or like kind exchange (based on IRS info)2.

@Luis Saez , I would suggest you start with the Learn section at the top of this page.

If such action is not taken within a two-year period subsequent to sale, the certificate is null and void (Section 14-833).

If your proceeds are more than a couple thousand, then a Section 1031 tax free exchange, should at least be in the discussion as an alternative to preserve your proceeds capital to get another property.Another alternative would be to refi.

Not trying to cut corners but not sure i can afford an attorney on this right now.

I have dealt with some section 8 rentals in Cleveland, OH and don't have any horrible stories, must of them are pretty good actually.