But let's just go on the assumption you are going to be keeping this as a MHP.Now, analyzing your property.

My assumption is the city assessment stating it was '2.5 stories' simply took the building footprint and multiplied by 2.5.

Prices are as high as they have ever been in Philly right now, and it's risky to buy under the assumption that home values will continue to increase over the next 3 to 5 years

I am currently purchasing a property that has a Freddie Mac loan assumption available with 4.82% rate, 9 years remaining and 30 years amortization.

Other options include, assumption of the current owner's loan or owner financing.2) You definitely need to start up a corporate structure.  

(renters is key word, I think there's more of an appeal for homeowners and those with families - I'm making an assumption that the majority of families in southern NH with an adult commuting into Boston are buying and not renting, but please correct me if I'm wrong)  To me I think the draw to southern NH needs to come from growth in southern NH (such as the tech you've mentioned), or growth north of route 3/95. 

With the assumption of the existing loan, the lender is wanting 30%-35% equity.

Brittany Bauhaus There are some really dicey assumptions in your plan.

Alex, one of the key assumptions your blog friend makes about dividend growth investing is the past track record of rising dividends will continue.

@ Chris Martin, would you say that step 1 essentially involves an assumption of the mortgage?