If you do research ahead of time, what are some red flags that would cause you to back out of a deal or add a couple thousand to the deal cost for legal battles/ cash for keys?

As mentioned above, knowing your strategy is half of the battle, so good work!

@Chris CheChris, great question—finding deals is half the battle.

Any legal troubles/battles that could come with trying to acquire foreclosure homes?

Sounds like AHP is in for a long nasty legal battle to get some of those assets back so they can be turned into money for AHP to repay investors.

or better than 95% of all people, etc etc.Due to the NYC market think in terms of warfare and battle strategy. 

Plus, in areas that are more rural you might not have an issue with the classification, but its too rural for some lenders, so then you're fighting that battle instead of it being a manufactured homeI do sense a lot of investors looking to solve that Rubik's Cube, they see the potential but its about lining everything up and trying to make it work.

Prepare yourself for a battle every single day.

Plus it’s very landlord friendly, so you’re not stuck in year-long eviction battles.

In my opinion, knowing what you want is 80% of the battle of figuring out how much your project is going to cost.