How do I make this a win - win for them and myself to be covered so that I have the ability to sell the house and pay off the mortgage when repairs are completed.Existing Mtg 167,000 - (5.25%)                                                                                                                                                                                                                                                                                                                                  Cash to seller 12,000                                                                                                                                                                                                                                                                                                                                                 repair cost  43,000                                                                                                                                                                                                                                                                                                                                                     ARV 280-300

The key is that you have to buy with cash or borrowed money at great prices and sell at full retail offering "Seller Financing" to folks that have a decent down payment and can demonstrate the ability to pay!

I need a clause in the contract that says they agree to carry insurance on the trailer and add me as additionally insured.I am sure that there are many other clauses that I am not even thinking of that need to be added into this promissory note.I plan to have the promissory note notarized by all parties and will have a bill of sale that  I will take to the DMV. 

Most states have the ability to convert to real property but that doesn't necessarily solve the financing problem

Go to your nearest mobile home street retailer and look at the design elements of the more expensive models.

.#4  In todays elevated market, but sellers have stopped over bidding, stopped bidding on less nice houses has created a great op for folks with cash and ability to get bank loans. 

Don't take money out of their deposit-send them a bill. 

Previous landlord references, evictions, credit scores and sufficient income (over and above their voucher amount) to show their ability to cover their part of the rent if applicable.  

Often times we have the idea that we can just jump in and win, and as good as it sounds, short-term success and luck may not be good enough for the long haul.Having the right mindset is knowing the inner you, what are your strengths, your weaknesses, and your ability to persevere until the end.Skillset is a must, knowing it will take hard work, and being an asset and not a liability, all the which will take time and consistent effort to continuously move the needle closer to our desired goals.Having goals set, a planer made, getting the right knowledge, and following the course until it is complete.There and many distractions as well as many excuses, all of which must be overcome.From one student to another, stay vigilant, and consistent, and never quit.See the end from the beginning and it shall come to pass.Back to the books, and to our success, blessings, and prosperity.One Building Block At A Time! 

Selecting the right real estate investment is a critical step that can set the tone for a successful business model. It requires careful research and consideration of all factors involved, including location, budget, ...