These deals were in 2010-2011,  when the Chicago Tribune couldn't go three days without another story about real estate fraud being committed in the wake of the recession.  

Hey Sage- Sounds like you have a good understanding of how to leverage and invest, now it's just a matter of committing to growth.

I just wanted to reach out and get some of my thoughts and feelings off of my chest and let you all know that as scary as ripping away the safety cord may be, I am 100% committed to finding a way to creating the life of my dreams through real estate. 

(My partner got out of two +/- $400/month under market due to the former owner committing fraud when he signed the leases, vary rare case.

Sounds like you are committed to the project (complete plans) so get a bid from the guy at 150 but have him get sub bids and show them to you.

Hate to commit to a short term lease..... turnover is a PITA....but if the $$ is worth it, I may consider it...PRORent is paid by insurance company, not individual....more reliabke I would hopeHigher rent and deposit....not sure how much yetCONGuaranteed turnover in 6 months or so..I'm in CA, so doing placement in Dec isn't a huge deal but not the best timeTurnover cost $$...so it may not pencil out as a big $$ gainScreening...... guess I still do the background, but the other criteria is really on the insurance CoSomeone that knows they are short term in the unit are less likely to take care of itInsurance companies can be a PITA to deal with.....

If it's a bank or other institutional lender (a company whose business is lending), you should expect they are plugged into the credit bureaus and will report your payment history there.If your lender is a private person, like a friend or family member, or maybe a local person who makes a few loans a year, I would assume they are not plugged into the credit bureaus and the loan won't show up on your credit report.Keep in mind that if you apply for other loans, and they ask you for a schedule of real estate owned and mortgages you're responsible for, and you omit a property and/or private mortgage from that listing, you'll likely have committed fraud by saying that you're submitting complete information about your financial situation but intentionally omitting something.In other words, a loan/property may not show up on your credit report, which means a lender you're applying to for a mortgage may not know about it, but that doesn't mean you're not required in the application process to list it anyway, and it does mean that if you intentionally omit it, you're probably committing fraud or breaking some other law(s).I would assume that the loan could show up on your credit report, and that you will be listing it in future loan applications to institutional lenders, and behave accordingly.

If you pass the salesperson license requirements, but then get hired at a prop mgmt firm, that firm would need to have a supervising broker on staff that would sign your application and thereby, commits to take responsibility and liability for your actions, while you're a salesperson.

If it’s a $20M apartment complex (just making up numbers) it’s a way longer slog to get things set up, get funding commitments, etc. in a way that will get you taken seriously by a seller.So, ummmmmm, I don’t think it’s quite the layup question you think it is :)

You want title to the property so that you can commit to investing in it.Lease options can work, but most sellers are not savvy enough to understand them, and they don't want to be put in a position to take the MHP back when you decide to let it go, walk away.