There are many ways you can recast this deal. first things first, close the deal with attractive seller financing. ask the seller to add settlement cost into the mortgage. consider some of these in your mortgage conditions ( put some or all of these terms in your offer) make sure you understand the value of these clauses - if not, give me a call glad to chat.1. put a subordination clause in the mortgage, this will allow you to get a new first and have the seller financed in second position.2. have a pay-off discount of 5-10% so if you get a new mortgage or sell the house you can discount the seller mortgage, this could save you thousands of dollars.3. have the mortgage secured by another property you own - this will make your property free and clear, now get a new mortgage, keep the proceeds or use it for renovations.4. have a stutter clause, this will allow you to miss one payment a year.5. have a first right of refusal in the mortgage in the event the seller (mortgagee) try to sell the mortgage at a discount, this gives you the option to benefit from the discount.6. the mortgage should be fully assumable without qualification with release of liability. this makes your resale attractive since you have financing built in.7. ask for a delay in making payments (6 months) this will free up some of your cash for renovations. good luck  with it -- Charles

@Charles Worth yes the contrarian approach works well.  

@Charles Parrish I could not find the MDREIA information online.

Hi @Charles McCabe I certainly will.

@Charles Morgan so many of us have done great things in this mobile home business, or simply purchased a few homes here and there without any help or need from mentors.

Quote from @Carol Hu: Thank you Charles.

Northern VA and Charles county is where I start. 

Originally posted by @Charles M.

@David Charles Perez Salamat!

@Charles LeMaireActually, what the young lady from Quest outlined with respect to UBIT taxation is inaccurate.