He is a bit tired of working on this lot and said that he would be willing to let me take on the project (I would have to get the financing and manage it, he doesn't want to get the financing)  and we could then share the profits of the flip.

@Gordon Cuffe I just wanted to confirm the numbers I came up with and your numbers are pretty dang close to my analysis.

Hi everyone,I'm a new MHP investor and I'm looking at a deal now and wanted to get some outside input on the numbers to see if there's anything I'm missing or need to consider before putting in an offer.  Here are the...

The ability to leverage your 100k over multiple projects makes it more attractive for additional RE income and also long-term appreciation.

In a way, they are your partner in the project.

I have not seen small condo projects because the construction defects law is not yet fixed so I think you will have a hard time finding insurance to build them.

The big complication is I have another flip project happening simultaneously with holding costs of ~$3400/mo.

@Justin Bock I do lending but would never touch a deal with a deal with a first timer doing that large of a project.

I wasn't sure how the whole refinance process worked so it's good to hear I should expect a 70% cash out of projected ARV.As far as weather, we've seen better days.

But for this analysis I'll use $900 because I know I can get it.CoC: 6.6%Cash Flow: $150DSCR: 1.38GRM: 9.07So, I know, not GREAT numbers.