(new kitchen, bathrooms if possible, new flooring, and definitely new electric panels.)

It would be incredibly difficult (probably impossible) to find a house this nice and with everything brand new (HVAC, water heater, appliances, floors, paint, roof, siding, ETC) for only $30k all-in.

It would be incredibly difficult (probably impossible) to find a house this nice and with everything brand new (HVAC, water heater, appliances, floors, paint, roof, siding, ETC) for only $30k all-in.

I would also like to talk about how awesome it is to provide clean, safe housing to others that provides a good value for them and provides a real asset that produces cash flow for those willing to do their homework and put forth the effort.  

That’s why very thorough underwriting on purchasing MHC is very important.Confirming and verifying bank deposits with the rent roll and aging reports will keep you from being surprised by rampant delinquencies which could take 6 months or more to correct.I have taken over several parks in Michigan and they had more landlord friendly rules and still took 6-8 months to clean the park up.

Generally, materials are broken down into two categories:Rough Materials (lumber, nails, screws, brackets, piping, fittings, mortar, wiring, outlets, switches, drywall, etc.)Finish Materials (tile, grout, flooring, paint, light fixtures, plumbing fixtures, door knobs, etc.)The way that I structure my contracts is that I buy the finish materials and have my Contractor provide all rough materials.I think it's strange your Contractor wants you to buy piping, brackets, etc, because I would classify that as rough materials.There's no way I would ever want to be responsible for buying all of the piping, fittings, elbows, p-traps, etc for my Contractor...I would be at Home Depot all day buying and returning stuff! 

If you give them a chance to pay on their promise date and they were being truthful, you will have avoided a lot of time and cost associated with filing the eviction and then cleaning/fixing up the unit, marketing, and not to mention vacancy.

I can’t count how many deals I’ve gotten where the original buyer asked for something like carpet cleaning or driveway oil stain removal on a house. 

The master policy (covering all exteriors of structures) may only need landlord insurance that covers the interior walls, ceilings and floors of the condominium unit.ConsiderationsHomeowners should consider two other issues.

You will lose rent, you will probably incur additional charges for the eviction, and you'll likely incur losses due to cleaning and repairs.