I now use an objective score sheet that awards points based on a review of certain criteria like length of employment, income:rent ratio, credit score, bankruptcies, collections, felonies, Landlord references, etc.I run a score sheet on each applicant separately. 

I am looking for an Investor specialist Real Estate Agent to help me find properties in NW Indiana & NE Illinois.  

For sure they won't object to installing two furnaces on the same day, or installing two furnaces one day apart. 

If they took a more objective approach and truly analyzed the property based on the numbers and accurate comps they would save more time both for themselves and the investors they are trying to find properties for.

So yes I am biased, but I think the 'vanilla' mortgage person + reno specialist mortgage person partnership is the best way to go on this one.

The reality is there are VERY few rental home options in this market (it's very geographically constrained) and this particular manufactured home lives like a house in an HOA - all the location benefits, much less cost.Going to talk with the management to be sure they have no strong objections, then will pull the trigger on this one.  

However, contingencies in builders contracts are generally Passive, meaning the contingencies are automatically waived after a certain amount of time if the Buyer doesn't raise objections or cancel prior.

When you get home repaired you should attempt to use a mobile home repair specialist instead of a single family home contractor - the difference is substantial.A 1985 home is typically worth zero unless it was rehabbed recently or is in immaculate condition - which is not typical.  

As a non-licensed re agent, non-attorney, non-licensed mortgage specialist, your best option is to purchase the property and make the loan whole.  

I should have been more clear with the investment objective -- this request is geared towards raising capital for stabilized or value add buy and hold deals to achieve rental cash flows for myself and participating investors.