It seems like it's priced pretty close with 20 showings, but you need to adjust it now.

If your strategy is to give the seller a nice initial offer, then beat them down after the inspection, you may need to adjust your strategy.  

:I was curious about anyone's experience or perspective on investing in specific deals offered by the crowd funding platforms, vs investing in real estate investment funds (which are also offered periodically.)It might be a matter of where you feel you can get the best risk adjusted return on your investment.

The cleanest way to avoid tax matters is to put the value of the project in the construction agreement and at the owner's expense, then you purchase agreement can be adjusted to cover those costs, netting out the difference, see your accountant.If you plan on doing more than painting; To make an owner feel more secure, not to mention a Realtor, have the project inspected during phases, title companies usually have "part time" inspectors for construction disbursement loans and they might provide inspections, they are usually the least expensive, but services may be limited......good enough to let the owner sleep.

@Orlando Paz  In most states a Mobile Home is considered a Motor Vehicle and has a title that is identical to a Vehicle so they are easy to transfer ownership, but counties will tax the MH annually.  

When the adjuster evaluates your situation, they will evaluate it against that policy description.  

We calculate our Cap Rates using the following formula: Cap Rate = (Annual Rent - 30% operating expenses - HOA/taxes/insurance) / Total Cost Obviously your Cap Rate will not be as high as it would be if you were renting out both units, but perhaps you could make an adjustment by cutting the total cost, taxes, insurance, etc. in half to reflect this.

@Marcus Johnson I think that 11% is without adjusting for inflation.

Appraisers will adjust for size differences. 

With cap rates at 6-7% and the ability borrow (and lock in a 30 year fixed rate) at 4%, you would be taking less than full advantage of the timing of your windfall by not seriously considering loans.During the crash, most of the people who got in trouble were bitten by adjustable rate mortgages and 100+% LTV.