Hey guys,So I just bought a manufactured home (double wide) which was built in 1980 and had the same lady living in it all 40 years in the same location from when they bought it new and set it on the land.The home is in a really good location, and is actually considered a b1 commercial property, but has its best use as residential so it's been able to be used that way.My question is, what is my best option for the property?

But again, the unscrupulous wholesalers out there, give the reputable ones a bad name and give the industry a bad name. 

The IRS doesn't allow self-dealing in retirement accounts, so your friend with $100K can't pursue this strategy.I would suggest he/she team up with a reputable flipper as the money source.

I've been running my ideas by a friend of mine who I've known for close to 30 years, who is a long-time reputable wholesaler/flipper/agent in the area (over 20 years), and the feedback I'm getting is that the market is so hot right now that a lot of the stuff I'm reading about on BP about finding and negotiating deals just isn't realistic for someone like me who just wants to score a deal or two a year. 

I read that a note servicer is $15-30 per month, can you guys recommend a reputable one? 

The value of the property then comes down to the capitalization rate from the area which you should be able to get from a reputable broker or by doing your homework on similar properties that have sold

Important to mention that other investors in this deal are reputed investors in the MFR space so that gives some credibility (deal Principle is Stephen Pack - ‎Armadale Capital Inc. and others are coming from an investor group of Brad Sumrok), however I am just concerned that this deal is a 1 trick pony.Thoughts or other questions I should ask the syndicators please! 

About a year and a half later one of the windows cracked during one of our extreme cold stretches (which was covered under manufacturer's warranty) and it was painless to have them come replace it at no cost. 

It is like trying to build a robot that can build "Any car" from any manufacturer in the country.

Purchase price: $22,000 Cash invested: $52,000 Sale price: $175,000 I purchased my first investment property located in Salem Ohio, a four bedroom, two and a half bath, pre-manufactured ranch style home.