Keep in mind, if you may be using reserves held in an IRA, some lender guidelines only count 60% of the total IRA balance towards reserves.

I am a DIY'er thru and thru, but totally respect and see a need for professional contractor services as well in many instances.

This flip should cost approximately $50,000 in total, assuming we hold for 6 months, I will owe about $1,100 for the access to the cash ($50,000 x 4.75% x 6mos/12mos).

This number of existing home sales represents just 0.3% of the total number of homes available.

I'm totally a one trick pony @Ellis San Jose !!

First if you depreciate to zero and you sell it subject to an outstanding mortgage you still must recapture the value of the total price including the mortgage amount.

Honestly, it was totally depressing.

I will say that the total number is Small. 262 isn't much to be mailing to.

Reasoning is that someone getting a loan or "financing" on a home in a park will be at about $250 home and $250 lot for a total payment of about $500 - to be in a park.

But, the only way to protect yourself against those that want to get in your pocket and teach you what they do, to some extent, which could be totally wrong...is to get the basics yourself, know what is usual and customary in your area.