Quote from @Derek Farmer: Hello all,I am 25 years old living in Indianapolis Indiana. 

@CraigIf you have two offers with that high of down payment already you must be living right!

"previous" owners have to make payments while they live in the house.

Background: I'm live in south Mississippi and have been doing real estate deals for about 13 years(rentals, STR, fix and flip...).

I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!

Your argument would suggest that if I bring home $2k/month in cash flow from a rental property in LA (where I live), that's a good deal, even though I probably had to put $2M cash into it initially.

No, not places you heard people want to live, or were told, or think, no-no-no, where you KNOW people want to live. 

My mom lives in a nice house that she has paid off.

I even asked Steve, the super muscly front man for Tyler from the first free event how he got started in real estate 25 years ago… he said he started with a single family home he lived in for years… definitely was not this program.

I lived in and renovated or renovated and rented.