Like any other home do your due diligence and have an inspector or contractor take a look at it to make sure the house is structurally sound.

I tried it and ended up finding a bunch of things I needed to bring up to code, then the inspector couldn't get under the house , so I ended up rebuilding all the termite destruction

Check the service connections at a minimum.You may contact some mobile home park managers, maybe they can refer you an inspector who specializes in mobiles, it would be an inspection and an education all in one....

You find buyers who are serious about rented, cash flowing property in Indianapolis and you can have your 30%.RyanOD

Roofs are easy to cut corners on because many times a building inspector won't even look at the nailing on the plywood, etc leaving you with the long term problems.

I won't have the formal report until tomorrow, but he shared a good bit of info with me tonight.There is termite damage on the property, apparently a good bit, and the inspector indicated an engineer would need to assist with how best to repair.

Remember they usually count weekend and holidays as part of the period so every day counts when trying to schedule inspectors to get in there.

For instance, the seller says the HVAC is working fine an I bring in an inspector who says it is on its last legs, well this can greatly change the value and I want to be able to go back and ask for a price adjustment.This is what i would suggest you have in your agreement.

these are very rough figures and you are close to break even, which means crazy college parties with broken fixtures or hole sin the wall will cost you and be a pain in the ***, kid doesn't pay, you can't get it rented because they just built a nice new campus housing project, the property has repairs and deffered maintenance, there is mold and leaks and rotting wood your inspector doesn't find, etc. and the turnover on campus property is generally once per year - turnover means adverstising costs etc.

5. 15' x 10' deck needs demo'ed and rebuilt6. all bathrooms need remodeled7. both kitchens need remodeled (main house & in-law)8. one side of the roof over the in-law suite (25' x 30') needs rebuilt (the main support beams are bent and could collapse with a heavy snowfall, according to my in spector)9. sliding glass door has some rot around edges and needs replacedI have no idea what the rehab would cost, but the house is mine for $200k.