You could end up bidding on a worthless piece of land.    

@Chris CarreathersWelcome and there are extensive pieces of information on wholesaling on BP to help you, as well as investor groups to attend here.Also, I believe you meant to say 'cost prohibitive'.

You are never too old to get involved in real estate, and being young will give you a distinct advantage for the long run.If you have only read Robert Kiyosaki's initial book, I recommend you look at the rest of his books and books by other authors in the Rich Dad series of books.

One piece of advice - do your research before you buy anything.

.- Current ROI for the Middletown duplex =         [($1325 x 12) - ($450 x 12) - (130 x 12)] / $25,400 = 35% ROIYikes...this formula is missing two huge pieces of the puzzle - OpEx and CapEx.  

Do you make a distinction between mobile and manufactured, or are they more or less governed by the same principles?

Good afternoon BP friends,I'm looking at setting up an SDIRA for the specific purpose of buying a single property - an undeveloped lot - and I'm trying to determine if it makes any sense to use an LLC and/or have "checkbook" control for this particular SDIRA.My initial thought is that since this SDIRA would be to buy a single piece of undeveloped land and then hold that property as an investment for the next several years, that the additional complexity and expense of an LLC and checkbook control would be unnecessary.

You can make the mail piece your own too, you don't need to do one thing over another.

Since you don't want to create the same list as everyone else, maybe look into creating unique mail pieces as well so you stand out from your competition.  

A seller may not be as motivated or ready to sell when they get the first piece.