Sellers often prefer Conventional to FHA loans since there are fewer quality requirements to sell to the buyer (aka you)Go get 'em!

I have been learning all I can and hope to position myself to be a resource for others as I learn more and take on new challenges myself.

Looking for some info as far as deal quality and things to watch out for.Price: 149,900Units: 12More info:9 lots occupied. 8 of which are park owned.3 vacant lots and room to add 4 more.Ad claims 42,000 a year in gross income currently (with the 9 occupied units).I believe that makes rent/fees income equal to $500/month per unit.Wondering what sort of stuff to be wary of when reading ads like this.

Homes in both subdivisions were built by different but similar quality builders.

Buffalo is an awesome market to get started in, but it definitely can get tricky to find quality help regarding contractors. 

Sell it and invest in something that will produce positive cash flow.

As a quality tenant I would be extremely wary of a landlord that charged an incremental deposit.

- remove existing tile - remove drywall in surround and window area to the ceiling - replace drywall with hardibacker redgard hardibacker large porcelain tiles (16x16, 12x24) with smallest grout spacing possible- highest quality caulk that is mildew-resistant - tile floors, 4" base/behind/beside toilet, in addition to tub surround all the way to ceiling - angle tiles away from block window - re-install shower curtain rod  - replace fan/light with higher-performance model with humidity sensor - inspect fan ventiliation to confirm vent going through ceiling - inspect bath, sink, toilet plumbing and waste drainpipes - add quarter turn water shut-off valve - replace bath fixtures to single stem handle - replace bath drain with grid drain

Sure, my monthly cash flow will appear to increase by $220/mo, which could increase my purchasing power (a strong positive), but I'm not sure if it's a wise investment. 

The 8 mobile homes are on lease-to-own contracts with the existing tenants, and the homes were positioned to the tenants as effectively being their homes; if all goes well, the tenants will make all required payment for 10-15 year periods, and will gain title to the homes at the end.