i think the 1% rule or 2% rule for that matter will continue to exist. maybe not in texas eventually but somewhere else like in the case now. where property prices increase in one area , these remain stable or decreases in other states. same with property taxes.

FIrst is the fees/penalties involved in the foreclosure will decrease the net.  

Read up on seller financing topics in the forums, not podcasts or youtube or comic books.Much better to go in at a lower price and higher interest, sellers rather have interest income than taxable gains, it also gives you equity and the ability to refinance if necessary or leverage another deal with that equity.

Now rental returns are decreasing and flippers are making a more modest return so we have the best of both worlds right now.

The first idea that crossed my mind with your standard 20% down, finance the balance conventionally is to ask the seller to be in 2nd position for the $100k, and depositing a portion of your $100k in the lending bank as a secured portion of collateral for them that decreases over time.

So if I don't have a bank appraisal how to get the board to lower the taxable value? 

However, it would seem your pool of buyers gets decreased a bit by going this route.

That said there may be a small bump in first time homebuyers due to a decreased down payment requirement.

You can ask the seller to pay closing costs - decreasing your payments a little more.

Seems he said he avoids the Southeast parks.The reason I brought this up was because I was noticing that many, if not most, of the MHP's for sales in the Southeast were in areas of decreasing population and/or areas with a declining general outlook with regards to jobs, industry, population growth, etc.