The close procedure is similar when the mobile home is attached to private land.

Hey Randy King I was looking to go to Mobile later this year...This is essentially the same as a wholesale deal, in the sense that there will be a double close.

However, if you're open to investing outside the city, especially in mobile homes or other lower priced areas, you can get a start there as well.

Duplex (2 on a lot) 3/1 House built in 1900 with large kitchen, finished basementBack unit built 1998, modern 1/1 open floor plan with radiant heat, heated 2 car shop/garageAsking price: $299kOffer of $225k max, owner carry with $15-18k down, 3-4 year carry amortized over 30, refi into conventional.Potential rents: $2300 mo (ballpark low market): 1400/900.

Austin, DWF, Houston, Memphis, Mobile, Al, I'd say the sun belt.

Would something with such a low value usually be a mobile home or are they just not real estate notes?

In the near term I would also like to invest in areas farther away, and perhaps also invest in mobile homes.

Perhaps some mobile homes, rent for storage (boats, trailers, etc) or perhaps something else?

The house is not in bad condition, but I added up $25,000 worth of updates and such to get it up to a modern looking retail sale.

The whole idea to find two investors one passive to buy a mobile home (I buy only with mobile homes) and another investor (handyman or contractor) to buy materials and do renovation.