I guess with the oil boom that would be the case.

The idea is to get an accepted contract and essentially "lock up" the property so no one else can get it.

Change them or at least paint them with the brushes nickel or oil rubbed bronze spray paint you can get in a can

They view it as high risk because they are essentially lending on land (since by the nature of mobile homes - they are not permanent). 

. $28K/unit is pretty cheap, but it is essentially following the 1% rent rule based on the current owner's numbers.

There would be no more oil by 1990 and we would be freezing to death by "global cooling" by 2010.

I'm just looking for a way to essentially back up my numbers if I do give him a buyout number 

So now my question is can does the number of days held start from when i bought the burnt down home and essentially if i wait till August then i can claim its as Long Term Capital Gain or does it start from when the New Construction is completed and i have to wait a full year from then to claim Long Term Capital Gain benefit ( which i wont)Your input will be much appreciated.

With a fourplex you are essentially buying twice the property (# of units) for the same price, so something has to give in terms of quality.But this seems to be more a lender-based question than a "How do I find the right property?"

Doesn't quite work out to be a wash because CA usually has higher tax rates so if you earned $2,000 in SC you probably paid a much lower rate... say $50 in taxes but in CA the tax on $2,000 is probably more like $180, but you would only get a credit for $50 so CA still essentially taxes that $2,000 in some fashion.