Lastly, and sadly, and terrifyingly, the wild card here is our government.

I have listened to a few webinars recently and one of the best was by this lady.

It's wild west free market on those babies while the retail homeowner market keeps telling people that "real estate is a bad investment" and keeps the overpaying newbs out of the market.

Just as much as the lady that attends a Shakespearean play.

I'm actually thinking that the most optimum thing to do is... 1) set up a good money making activity ahead of time... 2) just pull the money out of the IRA on Jan 1st 2010... 3) put it into action (example: buy a little business with decent income)... 4) I won't have to pay taxes on IRA until April 15 of 2011, so get an extension until Oct of 2011 and I've just deferred taxes on the IRA money for close to 20 months... 5) I will have made money from the business I bought and can use some of that to pay off the taxes owed on having pulled the IRA... 6) Now taxes have been paid on the IRA money I took out and that money is now mine to do with as I see fit.I know this may seem wild or unconventional to some.

So, I purchased a MH in my park 2 weeks ago from a lady that couldn't afford to live there anymore.

Sounds like he is just checking around to see if another capital markets broker can find him a magical lender with terms he is currently not seeing.If that is the case it can be  wild goose chase.

So, when this lady applied, I relaxed my screening and on top of that, the government(Section 8) paid 100% of her rent. 

FSBO world almost sounds like the wild west.

@Christopher DorseyIt reminds me of the old Wendys commercial where the old lady says “ where’s the beef” Except it’s now “ where’s the profit”So Your going to pay 213k to help her out and only get 1900$ in rent , plus pay this woman 8 grand so she can go on vacation in Hawaii !