Put that 10K difference back in your pocket.Financing a used mobile home is possible with well qualified buyers, but be prepared to carry the note as a backup if that doesn't work out.

A 3.5% down fourplex might work out better for you than buying two duplexes.  

The owners and I were able to work out a deal because they need to get this off their books by 12/30/16.

Since the previous agent is also my current property manager, I am worried that if we go ahead legally and it does not work out, I am left without a property manager and with very little knowledge of the neighborhood.

I know this will all work out.

About the only time you would deal with the previous owner is help clearing the title as john says, if they still occupy the property, or they finally wake up to the fact their property has been foreclosed and you work out a deal for them to keep the property.

The great thing about what happened is that you took action even though it didn't work out.

Possibly Residential home Financing.They all do work out of NY area and can keep loans in house that won't fit very well with Fannie Mae guidelines.

Every workout/REO department has its own set of analysts/workout officers that create a write-up (which gets marked up and goes through 2-3 iterations) which then goes to a committee (depending on how big the bank is it may just go to the senior lending officer or chief workout officer), but before that they have to get appraisals, etc. and find out how much of a loss will need to be charged off and added to their ALLL (allowance for loans & lease losses).

I work out of the Worcester County area and I would love to connect with local investors to help find their next great deal!