Hello BP,My wife and I are finishing a bid on a manufactured house that was set on a concrete foundation in the 90's.  

We finished the rehab in early February and put it on the market at noon on Monday, Feb 13th.

It is going to go $100k above the list price, it will take about $100-$125k in renovation for the appropriate finishes on the house.

Appreciation is always a bonus, not a given, otherwise you're just speculating.I have a duplex in Walterboro that finished the rehab this week with screened tenants moving in next week.  

You have to really analyze where the project could go bad and have contingencies in place in case you run up against them - i.e. the house doesn't sell, you have unexpected costs during projects, what the SOW of the project will entail, what your marketing costs are (his wife as an agent will help minimize these costs), what if something unforeseen happens and you cant finish project, whos name the house will be under, and that might determine who will be able to pull permits if needed, etc.Anyway, you should spend A LOT of time going over "what ifs" and sit down with your attorney and pound out these details.

While it has been a couple weeks and I still haven't finished his book, I've been listening to the podcasts wherever I go.

This is a budget builder and poor finishes and brick will push that number up.

I've just finished drafting the job description and am considering posting it on BP.

Some things get your place rented faster and maybe a slight amount more in rent, like finishes and perhaps in your area, a/c.

Use a real estate lawyer to draft up the contract and you can use a title company to finish off the title and act as escrow for payments.If the buyer can't pay you are entitled to taking the property back and keeping the money paid for the land.