If you can buy it at 90K and it is worth 120K in current condition that could be an excellent way to start a portfolio.

@David Dye those are excellent paper returns.  

I have put if off long enough, excel has become to much of a pain to manage rehabs, rental incomes any and all expenses in between...Quickbooks is $30 per month (I would need to have at least two user access).

They do have excellent scope of work and floor plans to make the flipping easy but they only give access to this after 3months  of the coaching ( which happens to be when the gold package mentoring ends) and charge about what BP charges each year for membership each month.

@Mindy Jensen Excellent I will take a look and give you my feed back.

I have had excellent success with underwater assets.

From a 30,000 foot view the schools are excellent and real estate prices are much lower than comparable school districts in Mech or even Union county In general, mobile home parks appear to be a great investment vehicle in most any economy as long as people are not leaving the region in droves.

@Marty Johnston is giving you excellent advice.

excellent diagnosis.... and no cost to you to fix

January is an excellent time to switch CPAs if you are unsure of your current provider.