Great choice of book!

Is she a traditional seller, or will she consider other things such as seller financing, lease option, etc. 

I hope BP appreciates the depth of your knowledge.My biggest take away from our talks has been how nuanced purchasing a MHP is compared to other, more traditional, forms of REI.

Yea.....borrowed money for any type of traditional funding DP won't fly.You MIGHT find a HML willing to do it, but it better be a damn good deal with HUGE margins.

I'm not sure if he would be interested in the property location part of this equation but @Jerry Ta with PropertyCare would be a great choice for a property manager in Houston.  

So, I had two choices.

I would caution that whatever route you take, be consistent to each and every tenant because if you say one thing but do 2 or 3 things, courts will not look positively at you for inconsistent practices.If/when you need to find new tenants, be sure to have your own application, use the GBREB forms, and I've used the smartmove background/credit check online system multiple times with much success.BTW, you will find multiple opinions of what to do or not do... neither is right or wrong, everyone has their own system that works for them, so you will need to make that choice on your own.  

The choices are:- Seed Lawn- Sod Lawn- Drought resist lanscapingMy broker is encouraging me to use sod for a quick sale, but the irrigation district has limited watering to two days a week.The neighborhood is about fifty years old without HOA restrictions.

Assuming you move forward because the underwriting checks out then you need to secure financing.Securing financing is easier said than done, and unless you have years of experience, successful projects and a fat net worth you most likely will not get financing from traditional banks or get rates that slaughter the economics of the project.

I have been submitting offers for properties on MLS including REO, traditional, short sales, etc.