. - This is the BP blog maintained by Charles DeHart from the Mobile Home Academy.

Purchase price: $330,000 Cash invested: $11,550 It' a large side-by-side duplex with 3bed/2bath each, modest well-maintained yard, plenty of off-street parking, and in great shape for a property built in 1900!

You may be able to find a financially distressed seller that is motivated but when homeowners are financially distressed, they usually have not been able to keep the property maintained and have a lot of deferred maintenance and CAP Ex.

@Huso AkaratovicWell, do you have time to get approved with another lender and still maintain the existing deal?

If the land is currently leased by a major tower company, there is a lot of value in maintaining that lease. 

I have a competitive edge though.I co-founded a property maintenance company that exclusively works with investors and property managers to maintain and optimize the use of there funds.

She's a very stingy person and refuses to properly maintain her properties.

The best way to hedge against the risk is to secure long term financing, don't over-leverage, buy for cash flow, and maintain sufficient cash reserve.FHA is a great way to get funding, but just be careful that you will have sufficient cash flow to cover the financial costs, which includes the PMI and the debt service.

Keep and maintain a maintenance schedule. 3.

Your inspector probably told you they are "end of life", but the reality is that they could very well keep on kicking for 10-15 more years if you maintain them well.