so to be successful at this end of it means.. you need great contacts at your title company that will give you a lot of information and also do a date down literally on the phone with you.. you catch 97% of what needs to be caught but your still taking risk.you need to be able to prep your own docs.. you need to get the seller to a reputable notary  preferably at a title company your going to end up using to resell so they know the deed was not forged or coerced .. then you need CASH to either pay off the loan that day or reinstate it.. you need great relationships with the trustee's handling these you should be on first name basis with the person in charge of the file.. then you need courier service to run the cashiers checks ( in my instance from Portland to Seattle to NW trustee services). 

It is a matter of personal choice to use the HELOC.  

I don't think that's the 1st choice of any developer. 

I think that if you have a choice of making it into a third bedroom and private bathroom with its own entrance.

I agree the price is high and was contemplating bc of location running more of a rental model opposed to the preferred mhp scenario.

There is no one way and it depends also on how you choose to operate your business.Monthly rent...dependant on property, market drivenUtilities....specific to property and marketsinternet, cable....market drivenTenant or landlord costs.. market and landlord choice

Personal preference I know, but you want to appeal to the masses for rentals.

The best choice we made was performing full inspections, and asking the owners to fix the items discovered.

I buy turnkeys (my personal choice) so I wouldn't bring in extra cash if appraisal comes in lower.

I'll offer to include the cost of moving her stuff (ave cost local move is 2,300) to a storage facility of her choice in town.