If you are getting offers for that much you may be near the ballpark.

Then offer the terms that make the numbers work.

If you think that method works, then it should be you pulling the HML and then selling to that end buyer.Perhaps you could buy the property, then offer up lease options to home buyers.

IF you have enough profit in your deal, you can offer owner financing to your new end buyer and then sell that seller financed mortgage at closing for the cash you need to 1) pay off your original buyer, and 2) to put a profit in your pocket. 

Take advantage of the wealth of knowledge that this community has to offer and you will find real estate investing is not hard to learn at all.

there was a lot of failures in this model with some of the poorer providers who are no longer in business. this led most TK operators to only offer product post rehab and many with tenant in place.. of course the holding costs of doing this must be backed into the end price.So if you can find a VERY good and reputable company that can do pre hab type deals you should be able to get a better buy as it relates to basis in the property.  

I create multiple offers to just about every lead I speak with and get a number of properties with owner financing. 

Which in turn allows more competitive interest rate pricing to be offered to the consumer because the lender puts some of that extra profit in their pocket, and passes some of it onto you.These 5+ financed property loans have no special thing that helps it sell for more on the secondary market than Fannie's base offer price.

If you clarify a bit more, there are many of us on Bigger Pockets that would love to offer suggestions and share knowledge. :-)

Realtors HATE 203k, so just know going into it that as soon as someone says "203k" most realtors will auto-respond by telling their sellers "oh no don't take this offer, take any other offer."