We assumed it's the same stuff they use in vehicles to protect against the direct sunlight until they installed curtains :)

FHA will not insure a mortgage if FHA concludes that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining investment properties, even if the property to be encumbered will be the only one owned using FHA mortgage insurance."

BP is an amazing vehicle for self education and apparently networking.

Like Matt said above, running comps would not do you much good on these as older mobile homes do not hold much value in terms of equity, but can be a great vehicle for cash flow.

Since it's a spec house we don't know if it'll need to fit small cars or Suburbans.20' deep seems tight to walk around with a fullsize SUV or pickup but since it's detached there's no issue with walking around the vehicle to get inside, just walk out the garage door or side man door.

I'm surprised that some vehicle manslaughter charges only have around 2 years.

We recently purchased our first property (closing soon) and plan to use this as a learning vehicle (already learning a great deal, but nothing better than on the job training).

While on deployment back in 2010 I discovered Robert Kiyosaki's "Rich Dad Poor Dad" and like many I believe, was very intrigued with the thought of using vehicles like real estate to someday reach financial freedom.

Yes it's very nice.I started to have a head ache...I wonder if they are legal residents...It's not a war zone area, probably very nice people who work hard, some of the residents do not have vehicles, but the building is only 3 blocks from a major road with public transportation.The numbers do work.But I doubt I can raise rent without upsetting the dynamics of that group.I also don't think these tenants found this place online, it's word of mouth.Something doesn't feel right.

However, you would also have G&A mileage such as driving to your PO BOX, driving for dollars, driving to houses when putting in an offer etc.The larger companies also will most likely be using the direct vehicle expense rules which allows them to directly expense or depreciate all vehicle expenses (if they are 100% company use).