I have a few questions:1) Is a $175 a decent cash flow amount at this price point The cap rate on this property I found ($75k) turned out to be about 5.5%, again, not sure if that's a good amount.2) Lender I found that would lend me such a low mortgage amount is a credit union, and is quoting me closing costs around $4500 of which is a $795(!!)

This is a tool that is used to quickly analyze profitable deals just like the one you have described.Keep in mind; A large majority of lenders are hesitant, or will not, lend money on land, let alone construction costs associated with a "tiny" home.If you were considering using a VA loan (based on your profile picture) forget it. 

Since we couldn’t find a bank to lend in our situation, he’s helping us.

I'm usually weary of doing loans w/ larger banks but always looking for new lending partners.I do a lot w/ Synovus in Columbia now and they're underwriting is pretty easy to deal with it.

@Ahmad Nassar I use Mortgage Man Lending LLC out of Louisville, KY for all of my HML needs in Cincinnati.

Its not enjoyable to do remote rehabs and distressed property in midwest and midsouth markets are sometimes in rough neighborhoods which is best left to the local players only.You can learn about syndications which do involve value play when asset is sold within their time horizons

Real estate attorneys, closing attorneys, fair housing attorneys, and securities/syndication attorneys are all different.

Is this a individual who lends money or representative of a company?

@Trevor WolskiThere are few lenders like us in Michigan who can lend on an investment property; based on factors like:Location of the propertyNature of the renovation  / Current Condition of the propertyYour real estate experienceDownpayment on your side for the propertyTime line for the funds to be paid back to lender. 1 day?

Does anyone know someone who would lend me to purchase a triplex with 20% down if my income as self employed is 65000 -20000 company fees -30000 mileage deduction with a home take pay of $45000/year?