Is it preferable to complete these transactions in phases or all at once.

We're still in the exploratory phase so still nailing down a strategy, but I think we're planning to start with SFHs that cost around 100K - and in an ideal world with the aim to buy one at a time while we get comfortable but hoping to scale up with a new place every 6 months or so until we have around 5.

Here is my example of what you are speaking about.Purchased a home in the first phase of a 5 phase builder project for $125K, in January of that year.The home was completed in September of the same year and the currently models were still selling, but at $175K.Closed on the home, put it on the market with an agent and sold it two weeks later

The early phase to education is all fun and games until you realize complacency and fear are kicking your butt 😬

A lot of would-be investors get stuck in this learning/reading/talking phase and never seem to make it out.

There are so many items you need to check on a mobile home park in due diligence and we wrote a course around it.Here is a short list of the most "deal-killing" items:1) Test ad.2) Certificate of Zoning from the city or county.3) Phase I environmental report.4) Review of last 3 years of P&L (and tax returns if available).5) Forward forecasting budget.6) Rent roll and payment history.7) Review of the water, sewer and electric systems.8) Size of each lot.9) Confirmation of which homes are occupied and which are vacant.10) Rent comps on all competing mobile home parks.11) Study of the metro market.12) Survey and title.Mobile home parks are much more complicated than they look.

Yes you can if you meet the requirements.If you are not a real estate professional, the passive activity losses (PALs) generally are deductible only (1) against income from passive activities, (2) when the entire interest in a passive activity is disposed of in a taxable transaction, or (3) under the $25,000 rental loss privilege for qualified rental activities (subject to the $100,000 AGI phase-out).The general is a rule allowing up to $25,000 of active participation(see below) rental real estate losses as a deduction against nonpassive income.The taxpayer must make management decisions with regard to the property, have at least a 10% ownership share in the property, and the cannot be a limited partner.

Just wanted to introduce myself to the group and give a little bio of who I am and where I am at currently.I have not yet invested in a property apart from my primary home.I’m currently in the learning phase with the real estate world although i do have some knowledge within the purchase/closing world of mortgages since I do loan closings as my side gig from my regular 9-5 job.

This was the “Tutorial Phase”.   

I have 6+ months of research and the “learning phase” under my belt.