As you read and learn al,l deals just come down to numbers don't add emotions if the numbers work and your honest with them then the deal should work.

The problem with almost all stock market investors is their emotional involvement with their money.

After digging a bit deeper, the land is likely worth a bit more than $5000, and the trailer is possibly worth the full asking price or even more by itself.

Are they ready, mentally, physically and emotionally?

Don't mix emotion and business decisions and try any harder to get that deal than you would have anyhow.

So it seems clear that a LC is quite a bit less liquid than a house, and that is a considerable negative to for an investor who chooses to sell on LC rather than keep the house as a rental.Investors that I'm familiar with who sell on LC, do so rather than keep as a straight rental, to shift the maintenance burden to the buyer, rid themselves of typical landlord obligations and tenant calls, get a down payment that is more than a security deposit, and get a stickier tenant/buyer who makes improvements and has emotional connection to the house and thus will stay long term, maybe even pay off the place eventually.

He got emotional and the conversation ended like " ok, I will give you 5 minutes.

A strict emotional analysis would have me attacking the never ending student loans.

You could also look to partner with deeper pocketed investors, where your management gets you some equity in the deals.

The rent payment and the mortgage payment should be completely independent of each other, financially, mentally and emotionally.