His niche is very different from what I am familiar with, so I'm having some trouble running the numbers and I thought I'd turn to you guys.So he(my relative) has been doing this exact strategy for a few years and has done a good number of deals(~40) so I'm confident he knows what he's doing, but his strategy is as follows:Buys a distressed trailer(mobile/manufactured home) repairs it, and then sells it to a tenant that either can't qualify for a normal loan, or doesn't have the money to purchase a normal home.So for this particular deal, the numbers are as follows.Purchase price of $5750.Rehab of $8000.Rehab should take roughly 3-5 days.Selling we are assuming a month, but he says typically less.Taxes are around 600/yr(which the new owner will pay) but accounting for the month we have it, $50.The lot rent for the trailer is $350.Closing costs would be maybe ~$100.We'd sell it for ~22k, with a down payment of 2k at 14% interest for 75 months.So our purchase and rehab would be ~$13850, plus a month of holding for $14250.We'd get 2k back bringing our investment back down to $12250.We'd bring in 400/mo from the mortgage payment.As far as I can tell, this would be about 35-40% cash on cash return.Please go over these numbers and tell me if I'm missing anything.

Typically, banks offer a higher interest rate to LLC than Individuals so you can see why this might cause a problem.If you move forward, then you would just update create an entry to put the value of building/land in asset and note payable in liability.

What is typical for this fee?

Also the housing stock is generally in poor condition in the city, and you have the typical problems that come from low income areas like crime, drugs and violence.

Typically one of the dwellings has to be owner-occupied, otherwise you're renting it as a duplex when it's zoned as a single. 

I would use competitive ad copy and drive traffic to a landing page that features your main selling points front and center, with call now and contact us buttons below. 

Some states re-assess on purchase, others do not (and when I say "states" I'm not implying that the state is the taxing authority--it's typically the county--but the state typically sets the tax code, with some exceptions).  

Those are typically scraped by a deleader.  3) Lead paint on Moveable/Impact surfaces. 

Around here, there would never be a payback in a typical rental.

Yes, I don't see cash for keys working because it won't be simple for them to find a different place as cheap or willing to take someone with inconsistent income.With no escape clause in the lease we were just counting days (months) til we can get tenants that meet our typical qualifying requirements.