Hi Everyone, I am going to have 30k to invest on a live in flip property but I was thinking rather than putting that money straight into purchasing the property, I could purchase a mobile home in a 55+ community with the cash outright.

While "accredited investor" has a pretty straight-forward definition ($1M networth or $200K income), "sophisticated investor" is defined more vaguely as someone who understands the potential investment and can make an informer decision about participation in such investment. 

Thank you for your already thoughtful response, just trying to get my numbers straight. 

FHA is pretty good about keeping their loan limitations in line with local market realities, with $774,050 being the current FHA loan limit on a 4-plex (see below, chart straight from HUD).

I cannot argue with a straight face that the market value fluctuates monthly and equates the actual monthly collection.The overall idea of using an S-corp to control SE tax is valid, but it needs to be implemented differently. 

I’m on my 2nd BRRRR 6 units total and have 5 straight flips that are unrelated to my rentals under my belt.

If it does not make sense the answer is straight forward.Good luck,Sam Shueh

That will be a burden, I have 8 years to get my situation straight!

Just call them and ask straight up if they're interested in selling on a rent to own.

Investors want deals straight up and everything else is secondary.