First MHP we had we bought and sold 40 MHs to happy customers who never would have qualified for home ownership without us providing financing - at 15% - for them.

The problem I find is everything thinks they have a diamond in the rough but they really have a turd in the yard (just made that up btw)If I weren't in San Diego i'd be all over that deal (based on your numbers and assumptions)

This is an issue of local custom and between the MLS co-brokerage agreements as to any offers being accepted.

My assumption was that an easy rehab would be better as to avoid construction problems, but based on what you say, the logic behind the rehab strategy could be a little counterintuitive.

Once these issues are taken care of the complex will be about in line with the customer base in this local.

As far as lender customer did mentioned HUD, but I doubt it.

As I think and discuss this more I'm thinking it may make more sense to just find an insurer willing to do a more customized policy covering multiple properties.

There is a brand of dishwasher (can't remember which one) that sits up a little higher and has longer adjustable legs on the bottom for just this problem.I once had to replace a dishwasher in a house that had custom tile counters and a built up tile floor.

I only worked for two companies during that time so that allowed me to cross-train in all the different departments such as Searching, Customer Service, Policy and Prelim typist, Escrow Secretary, Receptionist and Title Secretary in the first company.Then I was recruited by a Sales Rep who opened his own company to set up his Word Processing Department where we used Display Writers (that should give you an idea of how long ago that was!)

Once under contract, you can quickly do your due diligence and know in a few days to a week at most if you are correct in your assumptions.