Just be sure that the deal is solid, you perform your D.D. and you're working with people that know the market and will give you "correct" and "accurate" information.  

I have had a very profitable business purchasing non-performing, seller financed real estate secured notes.  

@Robert DoucetteIf I can be of additional assistance during your property searches locally, drop me a note.

If the park is in a flood zone, there may be additional height requirements for new mobile homes coming in.

On the subject of non performing notes, When discussing and implementing a loan modification with the borrower, are there usually state laws or regulations (In general and/or at all) that come into play and how much do they affect loan modifications or if at all?

***Additionally, a mortgage broker that is able to take a tenant-buyer's option consideration that is paid to me (wholesale lease option deal), and either apply that consideration towards the TB's down payment when the exercise their right to purchase ORdiscount the price of the house.Typically the consideration goes through a third-party escrow account (my attorney's), and that helps with the above.Typically mortgage brokers who understand this type of situation will only submit financing applications to banks they have great relationships and won't have an issue with this type of thing.Thanks in advance!!

As mentioned we haven't performed any new construction on our own in Los Angeles.

There is a lot of material and I feel that additional prep is needed for the exam.

However, there are several case studies of "cost effectively" built houses which achieve "near Passivhaus" performance (i.e. 20 - 35 kWh/m^2) per year.  

This deal has more hair on it than just QCD:original owners were foreclosed upon by Fanny Mae;then the property was transferred or sold by Fanny to this bank;the bank has been sitting on it for 4 years and finally decides to sell, butin addition to QCD they want cash only (not even hard money);10% earnest money deposit - I have no problem with it if I can get it back in case the deal does not work out - but they allow forno option period and no contingencies of any kind!