It was all about the kitchen, open floor plan, beautiful hardwoods, and baths. 

Hello beautiful people.  

@joseph 70% after repaired Value minus repairs doesn't work for the seller but what might work is a joint venture with a sellerSometimes it's better to talk to the seller directly with the agent and tell them exactly how the real estate investor world works Pencil out a possible solution 70% of ARV minus repairsIf that number is terrible then tell them you would consider doing a joint venture where you would bring in your own money to repair the house and then resell it with the realtor getting a commissionI would bring in a rehabber GC where they could guarantee the repairs on a certain budget and you get private money for that amount of repairsI would charge a fee of 5 to 7% of value for joint venture fee650- 65 costs to sell with commissions and closing costs - 200 in repairs - 32 jv feeSay 350k net to sellerBeats the 291 MAO1 buy w private mortgage no payments for 6 mo2 own it and repair it with private money3 resell it w agent4 pay off note to seller and private money loan@Joseph ChillemiGo Red Sox Nation!

It looks like a beauty.  

@Jack Plantin I see numerous problems with this deal, layers and layers of red flags.

Having an overstated vacancy rate on a pro form could be a red flag about the property.

See any red flags in that plan?

There are some beautiful and well maintained manufactured home parks..I've toured them......like everywhere, it's all about the level of development you are looking at. 

Welcome to "Red Tape" Land.

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