This restrictive definition can pose challenges for co-living arrangements, which may involve unrelated individuals sharing a dwelling.

I had a better feeling about this contractor so I hired them.

If you plan to grow your portfolio, consider setting up separate LLCs for each property to shield them from liabilities tied to others, though this adds complexity and costs. 

@William SilvaI'll take a crack at this:1) I found my first multifamily property on Loopnet.

But I'm not an attorney, so maybe I'm totally wrong on this hunch.My 2nd comment is directly within my practice area though.

Who do I talk to at MACU about this "private loan program" for investors?

Upon inspection the appraiser will see the crawl space and see it was a mobile home plus a HUD tag and public record.One of the requirements in mobile home financing is the property "Must" be on a concrete permanent foundation(in order to be real property) on top of that it requires concrete pillars, skirting and the "Well and Septic" dug and placed within legal distance from subject property.

In today’s market most homes will be worth more than their outstanding loan balance unless they are VERY recent purchases with little to no money down.

Buy-in is often more conducive than other more saturated markets and there's such a wide variety of options to choose from. 

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?