No matter what you paid, or how much you spent on the rehab, the appraisal (along with the banks loan to value ratio) will determine how much you can get back out.

Just buy an inflatable mattress, a cheap SmartTV and just stick with Internet access.

@Jeremy Kleier What type of funding are you looking for, that would determine the lender you should be looking for.

I probably see him twice a week or so now, and he is still sharing golden nuggets and pouring into my business.I don't doubt that someone may have had a bad experience and decided to put it out on the unforgiving internet, for all to see, judge, and pass along.

I want to get started at a young age because I'm very determined to be successful in life. 

I live in Jamaica and I am new to Real Estate Investing I hope to further my knowledge and to continue to exalt effort and determination into making Real Estate Investing an excellent career/income source

Have you determined what type of property you want to invest in?

Your financial circumstance and the property pricing would determine which is the better option.A good mortgage banker can help you think though this and help you determine how much you qualify for under the different loan options.Upen Patel, Mortgage BankerFederal NMLS# 1374243

HiHow do I determine the value of a manufactured home?  

My response regarding rent control, had nothing to do with how the median was determined;  I was just asking the poster that wanted to assume $3K/unit/month rental income if they had factored rent control into their assumption.