You could always put up the listing and just hold out for the price you want, even if that means not selling.City wide inventory seems very low these days.

The wound went deep not wide.

There's not enough of the 'big picture' here and there's also a very wide range of opinions and risk tolerances present here on the boards.  

25% is the minimum I would put down, so no it's not to much A book that is widely recommended is Investing-Duplexes-Triplexes-Quads by Larry loftisEasily found on Amazon or maybe even your local library.I will caution you to underwrite with PM included.

Agree with Chris to an extent. 

We are currently renovating this 2 bedroom, 1 bathroom single-wide trailer on 11 acres.

If it's a good deal and you have done your homework and you have seen the lease agreements for all units then you know what extent you can take things. 

Yes, early on the language barrier was - and to a smaller extent still is - a limiting factor but there's plenty that can be done regardless. 

Unless the business has readily salable easily repossessed assets that are valued for quick sale in excess of the loan amount, and those assets have not been pledged via a UCC filing to trade accounts or other liabilities, you're banking on the continuity and profitability of the business itself.Small businesses are notoriously difficult to evaluate since the quality of their accounting varies widely; the key personnel play such a key role; their market position can be devastated by the emergence of a key competitor, the loss of a key account, or the exodus of a key employee.That is why companies that buy receivables from small businesses target returns of 36% plus, and often the risk is so great they layoff some of the risk by partnering.  

We have a flip going near Dallas, about 75% of the house has the original 1.5” wide hardwood planks.