You would have the tax hit from the sale, but it would be high flowing cash and in still in real estate if you want that. 

There's a very specific ways to calculate FHA income, and it will be highly dependent on how the deal and your ownership is structured.

Hey @Jeff Ryan, Let's say the mobile is worth 120k (which seems really high for a 25 year old double wide).

I'm a Project Manager at an Architectural Firm specializing in Custom High-End Homes. 

They also have calculators to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

I've been at 100% occupancy for my small spaces for the past 5 years.My only feedback is that $2 per month per sq ft NNN seems really high to me, but each market is different. 

I would venture to say very few landlords correctly hold their deposits based on local landlord/tenant law but as long as the money doesn't walk away and is not wrongly withheld from tenants its highly unlikely wrongfully storing the funds will become problematic.

If you are able to lock up deals and you mess up the repair estimate (like most wholesalers), no one is going to buy it and you will be buying too high.

(Maybe the seller has a great interest rate, but you would have to pay twice that amount which wouldn't be profitable.)11) Crime in the neighborhood. 12) High turnover in tenants (raising your expenses.)

I highly recommend going with a LOCAL LENDER ie in the same state, and preferably from the same area of the state you are looking.