I have no one to blame but myself for not participating in financial decision making, carrying credit card balances, being ignorant of our retirement savings and mortgage details, having no personal plan for my own financial future, and never creating a budget.

I have the opportunity (and cash) to lend 33K on a mobile home that is worth 37K.  I would have a promissory note recorded to guarantee the payments from the homeowner who will live in the home.The deal would be for 9...

I don't pay a lot of money but carry high deductibles.

I do carry an Ohio license so let me know if I can be of some help to you.

@ROLAND BARBEITO Without knowing the specifics of your deal, have you tried inquiring about owner-financing i.e. where the seller carries the note for you?

Unfortunately, as a broker, I am not able to carry State Farm. 

Will $16k really cover all of your rehab costs, carrying costs, and selling costs? 

My question is when I sell my home and claim the section 121 exemption will the new property have the carry over basis of my investment portion of the property and then at that point can I allocate the basis to the new layout for depreciating 3/4 of the property since I will be living in 1 unit?

I am trying to convince the seller to do an owner carry and I'll pay the rehab costs and give him his bottom line while making what I need.

Of course I don't know if you qualify for that scenario and I also don't know if that will carry over to next year.