A house on the same street just sold for $67,000.00.Quick FlipThird option would be to clean up the place and re list it at $30,000.00My question is which do you believe should be the route to follow based on these numbers?

I'm thinking about going the wholesale route but rather than assigning the contract, actually keeping the property and rehabbing it. 

The hard money people are one route, but you'll pay more.  

@Danielle Cage,Personally, I'd say go the attorney route.

you know it's getting real big around here in the South those homes made of steal that look like a barn they're not there a regular house inside they even have a place to park the car and some of them

I think the solutions are as follows: If it truly is sold and your friend is the lender and the "tenant" is actually the owner, then the easiest route will be to locate the tenant/owner and get a deed-in-lieu signed.

If you're buying land in the country and moving it any way- I'd look for another mobile and go that route. 

My purposes in investing in real estate are primarily to stop diverting a the majority percentage of my income into rent, provide myself with a location where I can practice regularly, and build wealth with the property long term.

Then I moved on to flipping which I now do regularly.

Do I have to stay in regular contact with them?