Well besides the hard costs (construction, materials) and soft costs (permitting, architecture, fees, engineering) people often forget holding costs. 

I am a loan officer so feel free to reach out if you are interested in financing, or if you just want to discuss further/have questions.

Feel free to connect with me 231-271-1122 to discuss it further, you can not find a better place to invest!

The only upgrade I made to the condo while there was a fresh paint job that was done by my generous brother-in-law FOR FREE (minus materials) and the epoxy I handled myself in the garage.

LOL Eric again your not correct.. over 30% of all homes in the US are owned free and clear.

Ali,When planning to buy in NJ the biggest thing I would tell you is to plan/research for the closing costs.

They will cost $100k to get going and having to have an audit done to comply with sec requirements let me tell you is a blast (insert sarcasm).

cost: 1,300/mrunway: 4 months = 6,800spread: 1900all in cash: 138,800Income a year: 22800/y ÷ all in cash = coccoc: 16.43%seller sees offer: 250,000sub-to 120,000sell fin: 500 w/ 0% intrest term: 13.33 yearsdown: 50,000

I like how you included almost all costs (I did not see holding costs during rehab).  

The company that does my primary home insurance (and all of my other rentals-costs of those range in price), doesn't do mobile homes.