.-31 spots-16 septic tanks (two spots to each tank)-Lot rent $200-5 Tenant owned homes (TOH)-1 Park owned home (POH)-About 3 vacant homes able to be renovated-About 4 destroyed homes that need to be removed-18 vacant spotsIncome (monthly)-$1,200, not including the POH rent, only lot rent.Expenses (monthly)-Trash $400 -Environmental inspections for homes moving in $40-Street Lights $240-Capex $40 (Roads, Well pump replacement)(Still formulating what other monthly expenses there will be i.e insurance, management)-Total: $720Other Details-On well water-Individually metered for electric-No property management-About (1/3) of the park in a flood zone-Flood zone spots require a FEMA foundation (2k-4k to build)-Owner owns free and clear, seller finance is a possibilityI have been thinking about offering the following options to the owner:1. $100,000.00 Cash/Bank Financed.2. $118,250.00 Purchase Price, $10,000.00 Down Payment, 180 Month Term, $601.00 Monthly Payments, 6 Month delay in payments (In order to create cashflow).3. $136,600.00 Purchase Price, $5,000.00 Down Payment, 240 Month Term, $548.00 Monthly Payments, 5 Month delay in payments.4. $167,000.00 Purchase Price, $0.00 Down Payment, 360 Month Term, $464.00 Monthly Payments, 4 Month delay in payments.The DownsideThe moment I add in the seller finance debt service, the deal is negative cash flow by $100-300 each month.

Deal specifics:Single family home, contract price 120k, currently valued as is 170k(seller wants out), if light repairs (about 10k) ARV 185-190k.

At the very least, this is bad form if the landlord allows this in light of the protestations of the other tenant. 

Generally NO if they a) have extensive rot or b) were poorly/lightly built in the first place. 2) Is the home worth saving due to location, size, architectural features, etc? 

(tile, paint, flooring, light/fan fixtures, new toilets, new exterior paint/siding, granite countertops, stainless steel appliances, backsplash, new cedar columns and shutters) What made you interested in investing in this type of deal?

It's definitely not considered a desirable option to most buyers.Colby should be able to shed some more light on this.

Mostly been like - Hey the light bulb is out - lightbulbs are in the closet.

There seems to be a lot of growth near the light rail and I saw some lovely multi-families that needed some work.

. $1.5k being the estimated fair market value of a carpet lightly used for 1 year.

I recommend a camera system with a motion detector food light and if the situation calls for it, perhaps some temporary construction fencing to help reduce the invitation in.