The tenant that came with the deal has been at least steady and predictable with the rent.

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

You need to have at least 580 credit score and a steady source of income.  

My question is if you have a stagnant city, one that is small but bigger then all surrounding towns, one that has steady service sector employment and strong rental demand, 2% deals can be easily created through solid negotiation and creative deal making; do you buy?  

So potentially even if you close something a big chunk could go to the brokerage and then your team and you get the crumbs left over.The fundamental question becomes do you get steady business for high quality leads that you could not generate on your own?

The thing I like about the mix of the 3 parks I found is that 1 park is done- the cash flow is steady, expenses are low, maintenance is low, and it's basically all owner-occupied.

The owners of the other adjacent home have been on an extended vacation (and have left their air conditioning set to 85 Fahrenheit).A few weeks ago, my tenants called me saying that their AC can't maintain setpoint--I assured them that this is normal as both demising walls are currently exposed to elevated temperatures.

Given that I will be considered self-employed and will initially not have income (or at least not income that is steady or predictable), I will be having my parents co-sign the FHA loan to fulfill the income requirements.I clearly have sufficient capital to not only fund a 3.5% down investment, but to also make the subsequent mortgage payments.