How to Buy a $2.9 million MHP

[Samuel Coronado]

This is more of a reach goal for me since I am still in my "collect 4 green houses before trading up to a red hotel" stage, but I thought I would ask the hive mind anyways. How are deals like this usually structured? First off, when I was doing my Zillow map search, it came up as in MS. I've personally driven this neighborhood and was amazed at how nice and clean it is. Is this a cut and dry 20% down deal the rest through a commercial lender like Wells Fargo or are there better ways to do this? 

This is the address: 0 Highway 72, Killen, AL 35645

[Jordan Moorhead]

You can use local banks and there are national lenders. I checked this out and it looks overpriced without having any other info. For almost $100k a lot you want a pretty high NOI to make sense of it, like over $300k IMO