We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

Best way is to just try to break it down piece by piece.Water- how is it being delivered to the homes. 

We bought a 55-unit last year in the same market, a market we've been investing in for seven years.How we found itOur property manager brought us this opportunity (and the three previous as well).

@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.

If you asked me to run a ton of properties, I would still be happy to do it, I may just charge a service fee at some point.

You said that you are applying for an FHA loan so it sounds as though you'd be living in one unit. 

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

The Newest IRS agents are being discussed as being sent to the border to become default border agents.

This can be good because your realtor will be using them as a resource to help you plan your 1031.

CA sun shines better, CA water tasts better, girls are prettier, bestest economy, just EVERYTHING in CA is better.....