- Is buying a foreclosure a viable strategy for me, and what should I be aware of?

If not, any obvious alternate investment that I could do on the property to raise it's value, get more rent, or save money that I may be missing?

The key factors that may raise audit risk are discrepancies in reported income, excessive deductions that appear out of line with your income level, or unusually complex transactions.

Quote from @Jonathan Greene: Quote from @Calvin Thomas: Quote from @Jonathan Greene: I've been on this site for ten years, providing honest feedback to people, and today, for the first time that I am aware of, some moderator removed my posts in a forum where the OP was calling me names in every one of her responses.

If the carrier faces financial trouble, significantly raises premiums, or changes its terms, you could find yourself with fewer options.

If you have a good grasp of the financial side, you should be able to raise the funds to buy & manage an MTR.

 @Chris SeveneyThe long-shot play I became aware of; Capital Improvement Project Funding that the city/county have allocated for projects that meet 2 criteria.Have a lifetime greater than 10 yearsCost more than $50,000I believe, even if the water and refuse collection run is only 1000 ft, that may not qualify but to do it "right", that two mile run would allow the entire subdivision to be supplied with services.

While it is hard to sometimes take, and we go overboard to compensate, acknowledge anything that might have gone not so well, show future guests that you are aware and will fix whatever they may have complained about, thank them and move on.  

Purchase price: $300,000 Cash invested: $40,000 I became aware of a mobile home park that was for sale by owner.

Now, you should be aware that when your Roth IRA invests in a real estate syndication, although the Roth IRA grows tax-free, there is a special tax called Unrelated Business Income Tax (UBIT).