Purchase price: $147,500 Cash invested: $13,000 Sale price: $269,000 We bought this condo with a Fannie Mae loan to put down 7%.

They said the house would have to be listed for sale before the closing date in order for them to lend on the 3 plex. 

Do you have sales skills?

I'm a Mainer by marriage, not by blood.Third question - can any Maine agents reading this help me to figure out what towns in that area have the most sales? 

It's an interview...and sometimes sales.  

As long as you have not negotiated a sale of a MH in the past 12 months you are fine. https://www.texasrealestate.com/members/legal-and-ethics/resources/legal-faq/manufactured-housing/

It also allows me to pull reports, including what we have brought in so that I can more easily pay the sales taxes.

@Chip ChronisterRemember - purchase $ notes and promissory notes alike don’t always have to be from a sale to consumers.There are many old guys out there who have amassed a good sum of real estate and would much rather have good paper income now.It’s a good opportunity for younger, hustling investors to purchase.

Common here in Santa Cruz County CA.One is for sale by owner $550,00, officially a 1 bed home but actually has a 2 bed apartment upstairs currently renting at $2300/mth and downstairs a1 bed apartment that could rent for about $1600 (currently empty).

I’ve read online and some articles say to short sale but I wanted to see if anyone has any other opinions or can help explain some things.Thanks guys!