@Terri-Leigh H.can you breakdown what your costs are to furnish each bed and additional furniture, furnishings cost are for a 5 bed property. 35k seems high compared to what we have encountered.

Build mobile home on the vacant lot I understand the cost involved for rehab the existing house.  

I learned about the free tools - Zillow, Trulia, Bing Maps, Netronline - how to check title, get BPOs, where to look for bank contacts and sources, how to evaluate the property and develop a bid based upon my initial selected exit and to view REAL deals in progress and watch the results, good or bad.

Please feel free to reach out if you have any other questions, would like to discuss financing options, or if you need help analyzing some deals!

Feel free to inquire about their staff qualifications if it's a larger organization.2.

There's too many free resources out there to find a lender, like BP and Scotsman Guide. 

Feel free to reach out!

I can understand the desire for new but isn't there a large land cost relative to the value of the overall home?

The Reno market has a lower cost to entry and strong appreciation.

@Daniel BryanI agree with JacobBetter returns elsewhere and downside is if your borrower defaults depending on the state it could take years to foreclose and run all that legal and holding costs which wipe out any gains.