I walked the outside of the outdated property and snapped some pics, rolled some numbers in my head around:Mid-range ARV around 400knew doors and windows throughout, 15k including entries for good stuff (I know that's high, better to err on the side of caution)fresh paint in/out at $5 per sf for good stuff, call it 9kflooring throughout, 6.2k at $3.50 a sf2 bathrooms, 15k kitchen 20k including appliancesso about 55-60, plus some extra for unforseen and pool, so 65-70k, leaving me an offer of 200-230ishI'm sitting in this driveway for a solid 45 minutes taking notes, running numbers, pulling title info & last sale price/date (Chicago Title mobile app), etc.  

I want to buy an investment property in Claremore OK that is a mobile home on an acre of land, cost $8,000 (I will cover the closing cost) with a monthly rent of $800.My pitch to my investor was that I would borrow $8,000 from them like a CD for two years.They lend me the $8,000, in return I give them a 10% a year return on their money for two years. 

I understand that if you buy and sell more than one mobile home a year you need a dealer's license. 

I am eperienced with commercial, single family, puds, mobile homes, multi-units, lots.

There is reasoning for every situation, but I'm curious if a portfolio of Single Family Homes, Apartments, Mobile Home Parks, Commercial properties, etc is the best path.Thank you.

3 - Assuming he does agree - does this need lender's approval?

I once had a guy make an As Is no inspection offer but tried to sneak in as a contingency "contract is subject to partner's approval".

My bank has me approved for 215k but I want a home in the 100k range.

I have the property identified and have been pre approved by 2 banks.  

Hello all, I just moved back to the Tampa area because things just wasnt moving back home in Mobile, AL.