As we all know, you are really paying for the commission in the purchase price. 

When the home was purchased, it was conventional loan and the basement had tenants.

My partner and I keep an excel spreadsheet of rent, our purchases, utilities, taxes, insurance, and money spent on contractors.

Someone who can't save up for a new purchase every year but still has a lot of desire for growth in their area of expertise.

I purchased at 300k with 5% down & put roughly 90k into the property over a 2 year period.

.- Bulk Purchases & Portfolio Acquisitions: Banks and hedge funds often look to unload non-performing assets in bulk.

You can increase returns with leverage (that is a mortgage) or with value add (renovations, additions etc).I think cap rates (rents minus expenses divided by purchase price) on commercial and industrial is higher with less work involved, but its more expensive than I can afford--so I know next to nothing about that land.

Case Study: A Successful Joint Venture in Real Estate - An investor identifies a distressed property with high potential but lacks the funds to purchase and renovate it. - The investor partners with a private lender who provides the capital.

Land is valuable as I could purchase a new mobile home and install and less costs since utilities are already on the land. 

Just keep a good record of your SREO and hang onto the HUDs that you've had from both your purchase and your sales.