I'm thinking that something that cash flows $100 - $200 should be just fine, since I can refinance later at a lower rate, and move all that extra interest to the profit column.Let me know if you see any issues with the approach above or if I'm being too hopeful.Thanks again,Andres

For example we bought a house once that was noted we could not increase size of septic because it was within 1000’ of public water system and essentially that was my bad as not looking into further future development - but that was not a title company issue - as title was clear and that was not a deed restriction nor an easement

The code states, "A separate and independent building sewer service line shall be provided for every permitted use, home or residence per lot."

Provide the buyer the county planning contacts, keep a copy of the job card.I believe the issue is that most permitting agencies place a 1 year deed restriction against selling as part of an “owner builder permit”….so as to keep non actual owner occupants from using the owner occupant exemption to do flips and such.

Assume that houses built in that period may have some lead paint.It really isn't an issue unless you are doing something unreasonable - like sanding the paint and snorting the dust.

Now if you have the cash to pay off the underlying loan at anytime if there is an issue then your risk goes down to is your buyer going to pay and if not are they going to trash it.. same issues you have with any tenant.

The town the mobile home community is in has a LARGE percent of tenants vs. home owners (60/40), so I'm wondering if I'm trying to force the issue by selling on contract when the tenants really just want the freedom to rent?

You'll be able to jump on issues quick.

The only issue I have with this theory is that the returns %.

Issues with the property at closing: low water pressure, aging roof, several lights not working, dated interior, water stain under HVAC unit, damaged decking (burn hole & rotting boards), old appliances, holes in drywallAnticipated cost to renovate:  $22500 (includes roof, repiping from old galvanized pipes, renovation of currently empty unit)  The currently occupied unit is TBD on cost, the tenant has been in place for the past 3 years.