While it might seem like a significant upfront cost, properly addressing these issues now can save you from more expensive and complicated repairs down the line.Best of luck with your trailer house project, Emmitt!

If they have been good tenants and reasonable, you shouldn't run into an issue.

Purchase price: $160,000 Cash invested: $28,500 Fixer house with foundation issue.

Then pay off the heloc (if #3 is not a issue), because when you find your investment property you can just use the heloc again for the down payment. 

I am waiting on insurance help and My contractor and licensed electrician think there's no issue with the electric and think this PSEG guy did something.

If there are no structural issues and you are looking for a full gut estimate, it can run you 100-150/sqftI GC'd a full gut rehab on a triplex that cost me about 90/sqft.

Also, some lenders allow a shorter seasoning period so that should not be an issue. 

Keep in mind, unexpected issues may arise, so stay prepared to adjust and adapt as needed.

This can restrict investment opportunities for those relying on external financing.Risk of Unknown Property Condition: Since HUD properties are sold in "as-is" condition, buyers may encounter unforeseen issues or defects that were not apparent during the initial inspection.

I'd say I'm about 50/50 on acceptance of this but if not I'll hold for a few weeks no issue but never longer than a month and that's only if I find someone to start on the 1st of the following and I get it rented fast.