All stuff you probably already know, Steven, but spelling it out for the benefit of others.The great part of Bigger Pockets is people get to see more than one approach so they can figure out which would work best for them and also learn new ways to look at it.I advise the opposite approach-  I believe in buying the same multi family, renovating it, renting to get the cash flow and sell in a year and a day so instead of paying the 25-28% federal, 7% state and 12% SS (adjusted for self employee deduction) for an approx. 44% tax rate, I pay 15% federal and 7% state with no SS for a 22% capital gains rate. 

However, these are high burnout and high turnover positions where the sales person manages to survive a year 1 out of 10 times ... a very high failure rate for all involved.A more equitable approach works much better.  

Then, approach a more traditional lender about refinancing so you can cash out your private lenders.You'll have to buy it right and analyze the deal to make sure the numbers work.

No matter your approach, BP has a lot of useful information, tools and what not for you to excel!

We then went to the lender and brought a new quote from a different contractor and the lender said that the loan was going to have to go back to the front of the line in underwriting and we were nearing the Fannie Mae Homepath deadline for closing. 

It's a true niche.There are very few appraisers who specialize in MHPs and they are strictly looking at either land value for comps and rent or Income approach (10% Cap Rate).  

That was painful.When a potential borrower, agent, or broker now approaches us, we can have a short top-level conversation about what we do and our terms, but we always follow this up with our not-so-short email that we know responds to 99.9% of their other questions+.

I plan on hitting the ground after the first of the year and I am committed to making this work no matter what.I am honest and hardworking, so if anyone wants to approach me with some get rich quick idea or ways to screw people out of their homes, move on.Anyone in the area, feel free to reach out to me anytime.

If you've decided to sell the house, my recommendation would be to do an analysis of how much it would sell for given various different rehab scenarios:- No rehab- Light rehab- Medium rehab- Full rehabYou can define those terms above any way that makes sense for your house (and you can have many more point for analysis as well).Once you have the likely selling values for each of those scenarios, compare the cost with the potential profit (and the work involved) and take the approach that maximizes your return.

That's not a method I'm familiar with, and a quick google search brought me to many MANY pages where they tried to sell me the system without really explaining to me what the system is.