I did all my other due diligence like asking for paystubs, W2s, Tax returns, Employment verification, bank statements etc etc and did not see any red flags overall.

Bossier partner managed property and repairs while we managed business structure and banking account setup.

Quote from @Victor Correa: Have a deal, subject to mobile home with bank lien, Not payed off, Seller just bought 2 years ago & I am taking over but reading about the title transfer need consent from lien holder.

Bank How did you add value to the deal?

And assuming a 0% return on the $200k you could have in the bank earning $10k/year if you sold. 

. - All they've got to learn is to save some of their income to pay their bills on time and they could then afford to buy a home.Instead, they spend every penny they make on things they don't really need and then blame everyone else.Take a look at a Class C or D tenant's bank statement to see the frivolous things they spend their money on and you'll better understand our society's biggest problem.

.- Depends on what you're doing specifically, but usually I'd recommend getting an EIN at least to give access to business bank accounts- Repeating #1, if you're going to a property and 100% of your time is spent doing renovations and the like, sure, but if any of it is for personal benefit, that'd be disallowed.

My total portfolio in this area I spent approximately $350k ($150k my cash, $200k bank carry).

Hi,I suggest you create a bank account with one of the bigger banks in your area that has many locations.  

Overall, you're spending $25k in extra costs and a monthly pmt that's $500 higher to keep $50k in your bank account.