Be prepared to show stable employment and income history.Developing an Investment Plan:Market Research: Understand the local real estate market, including rental demand, average rents, and property values.

30 year fixed rate MortgageHow did you add value to the deal?

I financed this property with a hard money lender How did you add value to the deal?

Conventional financing with 25% down How did you add value to the deal?

Use your profit from home selling to pay for rehab of under market value distressed property.8.

The median home value is around $165,000, median sale price is around $260,000.

A single mobile home is cheap and there is typically not a lot of value in them.

Quote from @Chris Coltrin: First, talk to your lender or read your documents to see if the loan is assumable.Second, determine the value of the home.

Some have even told us, "it's ok the values are going up"... can you say speculation.  

But I captured equity at purchase then more quickly through value add then refinanced into long term loans before the balloon.