I've never done this before so i know it's pretty crazy of me doing it in NYC for as my first but hey..Of course i'll be having a very experienced GC to do the work and also maybe as investor.I'm planning to purchase the property with 10% down as primary and was wondering what would be the next step regarding construction or FHA 203k Has anyone done a flip with a construction or FHA 203k loan and whats the experience?

How are you planning to finance this deal?

Hello all, I am planning to start a construction agency business in the coming months.

If you plan to do deals in existing mobile home parks, it's best to focus on learning how to establish relationships and build rapport with park managers and/or owners.

Since it's my first rental, I want to start with small, planning to put 20% down, <=$60k, thereby targeting something within $300k. 

My current property manager said he's not equipped to handle MTRs at the moment, and basically said if I plan to go this route I'll need to find a new PM. 

Unless you have a solid plan in place to sell or refi the property within a year.A HELOC on your existing rental would prob still be the best bet, and you may just have to keep calling around. 

@Pradeep Velugubantla I'll preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

. - I’ve had ok luck with pseg worry free plans and Dominion Home services.

Generally the policy will be written with limits as follows:Existing Structure:   limit is the depreciated value of the Building (also called Actual Cash Value)Renovations:            Limit is the total cost of the renovations being put in to the structureMost Insurance companies that write these policies will want to know if there are any Structural work planned.