.- Garage is attach to the house, but you have to walk out the side door and get in the house via front door.I could flip or rent, if I rent, I would get 9.5% Cash on Cash return, not including vacancies & repairs.

My thought is to buy the house for $40k or so, partner with the seller (he drew up a very detailed scope of work that totals about $50k in repairs but I feel there is still room for negotiation in his number).

-property tax-insurance-vacancy-property management-maintenance-capital repairs-legals and accounting.From the remaining 50% you service your debt, if any, and the remaining is your profit.

It is unfortunate that the Manufactured Housing Industry could not get together to get small balance loans excluded, like the automobile industry seems to have accomplished.

Should close in late MarchEstimated repair: $30-40K (Kitchen, two baths, paint, flooring and minor roof repair)- I have a cushion of around $10KRehab time: 2-3 monthsARV $490-510.4/2 1600 sq ft in Livermore, CA .

. :) But my Dad would always drag me along as a kid and so I learned quite a bit about home repair and upkeep.

Their own service repairs are a bit expensive, but not enough to complain too much about as I'm not there to do it.

I have a couple of companies, one of which is a company that does repair and painting for utility companies in their substations.

It has a non-working hot tub in the deck surrounded by a 6 foot fence that needs a bit of repair.

The property I am buying will require mostly cosmetic updating in the interior (drywall repair, painting, and flooring), minor exterior repair and painting, and light foundation repair.