@Jacob Calbillo you are limited on how many mobile and site built homes by the water and sewer available.

@Frank Wong Thanks Frank, I’m going to put an offer in today, I was just speaking with my broker and he said the bank told him the other offer they have is a “solid” offer...We’ll see what happens, if they come back asking for best and final I’m thinking 205k will be my limit.

Does anyone else find it ironic that the criticism of undercutting sellers is coming from a HARD MONEY LENDER!!?

The optimal thing would be to have a tenant move in the day after repairs are done, limiting vacancy costs. 

In either case, they can't be applied to all cases.My takeaways:1 - Your takeaways should have been understood long before you "jumped in".2 - You probably missed many more important takeaways than the obvious ones you mentioned.This post wasn't meant to criticize you, as much as it was to warn you NOT to continue "just jumping in". 

I love Kent, but supply appears limited. 

A pistol range or skeet shooting field if you're out of the city limits. 

My question is, does the fact that the LLC will own the property expand my refinance options at all, or would I still be limited on an LTV standpoint because it would be a non-recourse loan since I can't personally guarantee it?

We registered the property as Volare' at Longview, LLC in Texas as a foreign entity, since the sponsor lives out of state.A&M Equity Group, LLC is the managing member of Volare' at Longview, LLC and the investors are limited members.I hope that wasn't too confusing.

While your age limits what you can legally do, it shouldn't be holding you back in terms of real estate.