Beautiful houses at 500k range with very few buyers interested.

I’m ideally looking at areas in the $120-$150k range to start.  

Total Cash Invested: $500.00 plus closing fees.Loan Interest Rate: 4.00% This rate is achievable but this is today's rates, but do realize the current market trend and that this is an investment property so I would caution you, I would analyze at 5% as a mid-range.

I am considering wholesaling mobile/manufactured homes as an additional niche.

We will be targeting deals ranging from $1M to $5M in A and B locations.My experience:  10 yrs experience as multifamily broker.  3 years investing in and managing multifamily properties. 

Mobile home manufacturers have hired some great designers in recent years and you will get some great ideas (which you can copy verbatim so take some color chips from the hardware store with you to match).

With that being said I like to keep it in the 5 to 7 range. 

The comps of homes that had been renovated in that same area and was sold within the 6 months prior to that ranged from $140k - $160k so I figured that if I got the sale price a little lower, I could potentially have a deal.

I have a few more 1031s coming up as well in the $400K-1.5MM range so we're looking for a GOOD resource long-term who would like to work with us and our clients.

I have found short term cash flowing deals in low ranking areas, but my main goal is medium range appreciation.