We had some narrow lots and the older homes were the only ones that would fit on those, with the local setback rules.Echoing what others say, most municipalities aren't excited about a MHP in their town because a MHP is not considered "improved" land, and therefore is not taxed at the "improved" rate.

You are correct its one transaction/contract (2 sellers, a joint adventure they had) and I would be purchasing all of the units that is part of the listing.

Improved property and moved to new location.

Capital Improvements upon closing What was the outcome?

Purchase price: $165,000 Cash invested: $40,000 Sale price: $273,000 Purchased off-market property and completed a renovation to include the following: minor structural repairs, minor changes to floor plan, complete interior painting and floor refinishing, gut and redo kitchen, various landscaping improvements, deck repairs, all new hardware and light fixtures.

If the difference is more, you need to find the receipts for all the improvements you did on the property to reduce the amount of actual gain as much as possible. 

If the investor had to sell right away for $240k, with closing costs and commissions, they would most likely lose money.The other key point is without any improvements, the new appraisal will be $205k, the price you sold it to an investor for, not the $240 comps in the area.Wholesaling works best if you can find an off market fixer and the rehab the investor puts in forces a significant improvement in value.

I'm very handy and have experience with doing minor rehab work (new kitchens/bathrooms, flooring, paint, landscaping, etc), so I'm not afraid of a deal that needs some improvements.

That's what we do; make them all jointly and severally liable for the rent to be paid.

You can do it as a joint venture where you partner will also likely sign and guarantee on the debt, or you can have an investor provide you debt.