Now its Time To Pull The Trigger.

Also, once you pull up the floor, you see the plumbing, frame, tie-downs, etc... which can uncover a whole new list of problems.I would LOVE to get back into the MH business, flipping homes, but I have enough Florida Park knowledge to know that a deal too good to be real is just that (see line 1 of my post).Feel free to shoot me a PM with the park and I may be able to provide you with some additional ammo if you decide to proceed. 

I have been keeping my eye on some of the developing areas in the community, and I feel its time to pull the trigger on some of the properties in my sights. 

I was going to offer %10 on her money and this personal loans looks to be cheaper then that, so I'm leaning towards pulling the trigger, just looking for outside perspective.

It can be done legally and ethically, but that is not explained or contained here or on any public forum that I know of, not even close to the stunts being pulled by wholesalers.

That said, my plan is to take out a hard money loan for the purchase, and then immediately refinance it, which would allow me to pull out around $10,000 (based on 75% of the appraised value) as well $200 cashflow each month if the tenant pays the average rent for the area.  

Key is where you pull your leads from.

@Peter Appla If you have an agent you can have them pull average rentals as well.

If you haven't already, I recommend you gather more facts by pulling a copy of the estate file from probate court.

If it only costs $735 to get rid of a problem, which most likely will annoy your tenants because most likely they will not be responsive to a tenant call either, I say pull the trigger and fire them.