Investors can’t eliminate market shocks, but they can hedge their bets against booms and busts with a diversified portfolio and strategy based on general market conditions.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Kerri - thanks for the  post ...consider  2 steps :1)  refinancing the  FHA loan to a conventional loan  to  eliminate the  FHA mortgage insurance  ..the  note rate might be  slightly higher than your present 3.875%  rate  but the  removal of the  FHA MIP  will likely leave you with a significantly lower  payment  that you have now  .2) use a  HELOC ( home equity line of  credit )  to  payoff  whatever  other  debts  need to be consolidated .....the  required payment on these  are  " interest only " payments so try to make a  larger than  required payment so the line balance can  decrease ......rates  are in the  5-7%  range ....interest paid  no longer can be written off  .......most lenders  will  go to a 90% cltv ( combined loan to value ) level on these  ( as long as you qualify)

A semi-flexible W2 that pays well seems to eliminate those bottlenecks.

Again I eliminate all routes that they can take before I send the notice, and I know this contributes to ZERO turnover.

It did not break the deal but it eliminated most doubts about the physical structure. 

Of course, if I can eliminate complexity without creating potential problems, that is appealing too.I've pieced a some additional input that I have received today and thought about:1.)

I assume I need permits :/  Mobile is title eliminated I believe.

Investing with the wrong one can be disasterous, and investing with an inexperienced one eliminates the risk-mitigation advantages that I just listed.