So i am in the military and receive roughly 1400/month just for housing and where i stay now they take it all so i don't see that extra money.I was wondering if it would be a good idea to buy a manufactured home for say 40k and pocket the rest of the money left over from the mortgage for a year and a half until i leave the area.My concern is selling / renting out the manufactured home, do they sell or is it usually easy to find tenants ?

I understand he need to purchase tires but that is not my concern.

Be sure to check out the Ultimate Free Beginners Guide That should give you some ideas to get started.

This is in Michigan, do I need to be concerned with state laws?

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

My concern here, are problems creeping up that are not in our soon to be scope of work.Should I instead ask for a non-refundable deposit, much less than $100,000 and then sign a contract that doesn't close until completion?

., In the upper right hand corner, do a search for the 50% rule and/or the 2% rule to use as a GUIDE, concerning rental properties.

I am new to this myself, but for my education I am gonna try to answer the question directly concerning wholesaling it.

Consider using you past experience for student housing see below.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Two Great reads, I bought both J.

I would be more concerned with your code requirements, which unfortunately, neither Jon nor I really know much about in your area.