PP=75K, repairs 20k,Projected Sale Price= 135K ; 2.)

If the projects carry themselves it does not matter if prices go lower in the short term.

Replacing the cast iron flange/elbow is typically a nightmare of a project.

Not that some of the MHPs are not so easy to spot so the web or a phone book might be the best way to locate them.How far will you expect your contractor to travel for projects?

A spreadsheet showing projected numbers plus a 'Powerpoint like' presentation.Then I got to wondering and figured it was time for a new thread.Guessing that some investors here have been presented with deal sheets or reports I am curious what you have seen before.

One one deal the subcontractor who was building the steel skeleton went bankrupt so the project was delayed for about a year.

It's difficult to gauge the competing pressures.On the one hand we have the negatives listed above, the foreclosures, the empty houses, the barriers to entry for 1st-time homeowners, and the shrinking mortgage market.On the other side, we have the booming economy, the big projects on the strip, population growth, decreasing supply of land, and most important, the jobs.

What you come across with alot of these developers is a situation where inventory is not moving as fast as they would like and they need to move onto the next project.

I have to assume that it is cash flow positive ... if you drew the equity out of it to get you into your next project, would the current rental still cash flow?

If you like remodeling then a remodeling project would be top of the list.As you gain experience you can expand out from your center.