Good point, this can translate into any type of RE investment vehicle, not just MHP's.

My father bought me my first car when I was 16 and in less than a year I was able to flip it and get a better car. 20+ vehicles and 4 motorcycles later and I ended up with a Kia that gets amazing gas mileage and some cash that has been in the bank.

My vehicles are paid for.

I have professional logos on the vehicle.

You are not trying to be super precise.

If you do not create the business vehicle before the closing the loan and the property will be in your individual name.

James, I see you posted while I was replying.I'm in Solano County, Fairfield precisely.

But, if he's had a vehicle repo and now the late payments, unlikely he'll be able to get that.So, yes, this would be a good deal if you could get it at a low enough price.

What precisely will be your $$$ or involvement in the project?

Of the many things I've learned over the years, the lesson from the GC company is still the most fresh for me, and that is, the ones who ultimately have control of thier profits are the ones that control the property, which is precisely why I'm going back to my REI roots.