The overall LTV (including all 3 mortgages) will be key and your selling point will need to be that the 2nd mortgage ($8k) will burn off in 2.5 years (based on your surprise that it was even out there, I'd recommend that you follow up in 2.5 years and ensure that it's been satisified, so that it doesn't surprise you again in the future).Does the $8k grant vest over the 5 years? 

This will crash and burn eventually when real estate (temporarily) resets itself and reprices the assets down. 

I think he started getting burned out.

If they are wrong, well, you can buy that deal from them (or their lender after they foreclose) a year or two or three from now for less than they paid...By the way, there is nothing wrong with buying a single family home or duplex--my first deal was a mobile home. 

The buyer had the mobile home demolished. 

Personally, I've bought older homes since I invest in mobile homes myself.

term=clayton+morrisI alteady played and burned.

I had listened to Jorge on podcasts before I invested and know that he had misfortunes in another business which he detailed in Burn Zones. 

But honestly I don't care how many courses you take you must have a local team or you will crash and burn.

Baselane doesn't currently have an app but I find most of the features that I am using (the banking, bookkeeping, and rent collection) features are mobile enabled and easy to use on my iPhone.