They are obviously financially struggling which makes them high risk.

If you're worried about your primary lender knowing, and she's okay with it, you could do a unrecorded second (more risk for her).  

I was thinking of putting a modular home on pecan street (I've already met with the city about codes) and holding this property as a low income rental or even selling and carrying the note. 

don't forget about mowing, snow plow/salt, some turnover, taxes for your manager/workers comp, free lot rent, money for your management time, accounting software, LLC set up cost Your going to have more of a greeter in a park like this, which would be free lot rent only and maybe $5 a lot...smaller parks have really thin margins...if you have 2 tenants move out, die, leave town, get arrested, whatever, you then lose 14% of your tenant base and monthly income for the property, get to 5 tenants and your at 40% which could throw your loan into nonperforming very quickly unless your willing to come out of pocket on something like thisjust to show your top gross revenue will never equal 40,000(210*14*12=35,280)just do your diligence and i wouldn't pay more than 200k for something like this...and thats a stretch or if there willing to carry some of the papersomething this small, don't turnover to a property management company because they don't know what their doing normally with a park like this and their going to charge 10% of revenue probably.

Hi John, I am in the middle of reading the book "investing in real estate with no money down" by B.Turner and he mentions that seller financing is the most suitable for homeowners who own their house free and clear otherwise there is a risk on due on sale clause.

This is true for all aspects of REI, either DIY and risk a mistake, or pay someone else to do it more efficiently.

Hey group,

This is my first post asking a general question, so bear with me as I voice text this :-)

We are investors in Hawaii, Colorado and now Florida.

We are investing in Bay and Walton County Florida.

My qu...

It's definitely a stronger offer and as long as you're willing to accept the risk, do it.But for those with less experience and especially new flippers, I think they need that home inspection, so for them, I recommend keeping the inspection contingency in. 

This will allow for greater cash flow while only tying up the down payment -- you can use any other money for additional cash flowing properties keeping diversity of occupancy to mitigate risks. 

@Natalie Kolodij is right in saying that a lot of the answers to these questions will be specific to your own tolerance for risk, investment opportunities, and goals for your real estate empire!