Am I missing something?

I then spoke to the owner Amy.

@Adrian Chu thank you, so am I!  

With these updates I am confident I can get the ARV to around 400k.Now to the seller financing structure:purchase price- 300ktaxes- $900insurance $100Over 5 years (60 months) make monthly payments of $1,000 (60k) (Assuming 0% interest and 0 down payment being the wonderful grandson I am)I attempted to use the rental property calculator to analyze but this deal is a little out of the ordinary.After those 5 years do a cash out refi to pay back the remaining 240K and assuming it will be valued in the 400k range I could pull out some more equity to buy more properties.I plan to do the renovations within the first month and getting renters in there asap.

Am I understanding right, you paid cash then minus taxes and insurance, you also take out some to set aside for repairs and are then left with $300 or so to keep.

Why am i not going to Charlotte more!

I've learned that it's never THAT bad...however if I were in my fathers shoes, I would have caught it sooner...wait Am I the son that knows it all???

As a newbie, what kind of profit am I looking at for each deal in my area?

Am I off the mark on this?

I'm renovating my first mobile home. I spoke with the contractor over the phone this evening and asked him to give me some ball park figures. The mobile home is a 14x76.
All figures include labor and materials.

New p...