I have been interested in real estate for a long time and Bigger Pockets has pulled me in to really wanting to make this concept a reality. 

But in both careers, I found I was giving more time and getting less fulfillment.While working 9-5 jobs, over the past 5 years (Finished Study at BGSU in 2011), I've spent countless hours working for free and volunteering to try and make my dream of working in an NBA Front Office a reality.

Knowing the ins and outs of the numbers and tax consequences of owning real estate, as well as the realities of rehabbing and the construction industry in general will no doubt set us up to be successful if we continue to work hard towards our goals.So far: We moved out of our personal residence (SFR) in March of this year, and purchased and moved into a duplex on the other side of town.

It has always been top of my priority list but it finally became a reality.  

(But in reality, I guess BOTH parties still sign off?) 

Typically this drops the valuation by 1/3 maybe more.If one calcs the park value based on just prevailing lot rent, then use 30% as the expense ratio then add in the nominal value of park owned homes, often just $3k each.If one has to calc value based on total income, lot + home rent, then use at least 50% expense ratio and often reality is 60% and if serious vacancy, eviction, repair problems then even more than 60% expense ratio.  

But soon my "foolish pipe dreams" will become a reality.

Most don't have a clue about reality. 

Now hoping this dream will start becoming a reality. :) Love the idea of learning from those who have done this, and actively testing out what I learn. 

In all reality I've never seen 30-50% vacancy in my 26 years of landlording...