Manufactured Home Flip - Feedback Please!

[Neil K.]

Here's the situation:

Looking at a 3 bd 2 ba manufactured home (2007) as a potential flip.  The home has a brick foundation, large 2 acre corner lot, and is in a quiet neighborhood not a park.  The house needs some minor cosmetic updates (removed carpeting, patch walls, trim work, cabinet doors, linoleum) and possible a  new HVAC system ($4000).

Seller is asking $50k, and a move-in ready comp down the road recently sold for $89k in 2 weeks.  The plan is to acquire property for $45k with conventional mortgage, put around $10k into it, and resell for $89k in a month or two.

Any thoughts on this plan?  problems with flipping manufactured homes in NC?  Any feedback would be greatly appreciated. Thanks!