Just something to chew on before you automatically dismiss MLS properties because you feel too many eyes are already on the opportunity. 

I made same decision on the electrical.  

Here's the post minus her contact info and exact address:I'm telling mine pretty rough shape mobile homes I feel about my dress this would be worth almost 200,000 not too long from now so good because I need to live in it for 15 more years until I die whichever comes first I think 35 in cash and you can take it over when I die or 15 years first or I'll accept 10,000 cash down and a few hundred a month until you ready to take it over at that time of my death or whatever then you would be giving that payment to my children until the contractor satisfied serious requires only please  or you can email me let me know if you want to come look at it whatever money I get at the beginning and their household it's going to go into fixing the place up by the time I die I hope it's quite nice extremely life actually before the viral to be able to actually move into it themselves it'd be a hold of my place by the time I can do any more to it hopefully waterwood drive Gainesville Georgia 30506 I'm ready to do it ASAPMy first reply:Cute area, actually owned by poster, and almost a half-acre with the small 684-foot trailer.

Money is made on the margin aka the cost of money to you versus what return you can get from using that money.

I would echo the statments made by others that things are more management intensive than a si gle family rental, but not 10x for intensive even though I make 10x the cashflow of a single family rental with the same financing. 

What made you interested in investing in this type of deal?

If the first lender found something that made them deny your loan, then the other pre-approvals may not be valid, either.

Feel free to reach out and I'll send a DM to connect. 

If I can help you in the Pensacola area feel free to reach out!

I feel like I should clarify that it isn't a "$0" loan, but a loan on top of the conventional loan that is payed back when the property is sold or payed off.