MLS is for marketing the properties that I find to the general public (and sometimes I will use a realtor for that).Why would I hire someone to help me structure a deal when that's supposed to be my expertise?

The land itself will probably retain more value than the mobile home.Depending on your state, title to your mobile home will generally be a certificate issued by your department of motor vehicles.

Generally speaking, one month's rent for the entire building is good enough reserves to pay for maintenance issues that may arise.If you want to be extra safe (i.e. for tenants that don't pay rent, or for vacancies that you cannot immediately fill) then try to have 2 months' worth off rent saved up in your account.I would also advise that you set up a company to manage your business (most go with LLC's).

Another example: In the town I live in, a newer colonial (under 10 yrs old) with 2200-2500 sqft generally sell in the mid 500's.

Since nobody has replied since October I am not sure how far along you are.Here a couple of thoughts1) The NY times writing something is a very general statement.

FYI - The list is in no particular order, and is in no way comprehensive. 1 - Cost: Managers generally charge a monthly fee to watch and maintain your property.

Generally I know what the most "common" maintenance type items cost, and how long it takes me (or my "labor guy) to do the work.

Generally, the $1 HUD homes are for non-profits.

-In general, I never felt they were my advocate.

Depending on who you talk with some people will say having a real estate license is helpful while others will say it's no help and actually brings up some additional headaches.I'm very new to the whole process of real estate investing, but in wanting to know more about it and real estate in general I am taking a class to get my license.