Hi Kenneth,There is an old song named "Bad Bad Leroy Brown".and the lyrics say "...the South side of Chicago is the baddest part of townAnd if you go down there you better just beware..."

They can provide you with cool marketing materials for going door to door or mailing prospects. 

But since the concrete road, security add-ons, and electrical will be basically the same for the 30 or 40 wide; plus, the land is already paid for, going with the 40's.  

Personally, I made the decision to forgo retirement savings (outside of 401k & the company match that comes with it) the last couple of years to focus on buying real estate and now that I have built a nice base of cash flow I am going to increase the funding of my retirement accounts from now on while still being able to grow my real estate business.If you choose to forgo the SEP for now, I suggest you make it a goal to fully fund it at a point in the near future to help build your long term wealth.

I bought 4 acres in Rohnert park in the mid 90s.. finally came into the city 3 years ago.. like you I paid less than 30k for it cash tax's in CA were 350 a year.. so I forgo cash flow on that money lets say i made 2500 a year on it. 

@David Song Your point is well taken.

So depending on whether you're shopping for best deal/rate or really do want/need umbrella insurance, you might want to forgo umbrella insurance and get coverage from whichever insurer best covers your car, home, out of state rental (it may not be same insurer for each case, as is the case for me) - or find an umbrella insurer that doesn't require you to have much other insurance from them (which might be hard to find).Have you not also contacted your current home/car/out of state property insurers to see what deal they can offer?

And did you have any major surprises since you forgo the due diligence period? 

Two words: Fannie MaeI've been trying to purchase my newest project from them for going on a month now, and it keeps getting pushed back further and further.

Also very smart not to fall in love with the property and want to make it perfect as if you were going to live in it (i.e. forgo the granite, but add the gas heat).