So as some of you who may have seen my posts would know..its about a month since I bought my first rental property. The property is awesome, in a great area. Even though I couldn't rent it out in my first month I am a...

I am an active duty military officer so my situation is unique in that I will be moving around...this might prove to be a challenge so any and all advice would be more than welcome.

Kind of ghetto, neighboring houses messy-ish, all houses are unique (they aren't all stucco houses built by a central planner... so there aren't rows of houses that look the same...), they are older houses...Should this not stop me from looking?

Originally posted by Chuck Redman:Originally posted by Sam Leon:I kept hearing people saying when in a REO situation, if the bank came back with a "HIGHEST AND BEST OFFER IN 24 HOURS",I have read this to mean that they did not receive offers high enough to meet their "minimum acceptable bid" and they are asking the ones who submitted bids to re-offer with their highest bid based on the assumption that their first offer was low balled.Highest and best is not unique to REO purchases, it can happen anytime there are multiple offers on a property.

How is that unique to Mass?

I have however worked with accountants where we've re characterized losses from other assets or investments to do a conversion/roll over from deferred account to a self directed account and was able to cancel the gain presented by taking the funds to a self directed Roth IRA account tax free but each unique situation varies.

Marc, many of the issues relating to financing are not unique to MHs, but to SFDs, including all as defined.

Unlike mortgage interest rates that are governed by specific factors, interest rates in private money are largely influenced by supply and demand as well as other unique factors.

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