You seem to know a bit about Mobile homes.

Finally, finding an fha approved 4plex in SoCal that would + cash flow on a 3% dp will be quite difficult considering the amount of liquidity here willing to purchase at very low caps.

Offer Price: $200KFinancing: FHA loan, 3.5% down payment (already pre approved for this home); 3.875% rate, 30 year fixedRents according to MLS posting: Unit 1 - $1310, Unit 2 - $1100, Unit 3 - $720; Total = $3,130Expenses: I'm forecasting 57% in expenses (more conservative than 50% rule) --> Property taxes - 4.6%Insurance - $1000 policyRepairs/maintenance - 5% of gross monthly rentUtilities - 1% of gross monthly rentCap Ex - 2% of gross monthly rentVacancy - 10% of gross monthly rentProperty management - 12% of gross monthly rentMortgage + PMI = approx $1,043 monthlyCash Flow (monthly): $163Cap Rate: 18.8% (gross annual rents divided by purchase price, correct?)

Question for the BP Mobile home experts:If a park has a fair number of mobile's with Rent-To-Own / Contract-for-Title on them, should the park keep the titles in the park's name or should the titles put them in the buyers' names with a lien?

The appraisal pointed out a possible moisture problem in the basement and the under writer is requesting an inspection before approving the loan.Can anyone recommend an inspector in Chattanooga.Thanks

Mobile home parks look like a good idea but I really want to focus in starting a RV park.

Quick intro about myself: I just graduated from Mizzou with a degree in business, I own a mobile oil changing company, I am starting to believe the only channel on television should be CNBC, and I can't wait to learn as much as possible about real estate.

My credit isn't horrible, but it's not good enough to get approved for a loan of any type.

But I am more interested in building my companies credit, no issues but no credit either since 2007, recently approved $2k gas credit card for my company, which is a start.

They called me back quickly and now we are currently going through the process of getting approved.