I agree with what Account Closed said that the interest seems pretty low and you may not own the land so if things don’t go as planned you may be paying a lot  for lot fees.You may want to study up on mobile home investing or manufactured home investing before doing this deal if this is the way you want to go. 

I have been wanting to get into real estate investing for a while but i didnt want to pull the trigger on any properties or deals until I felt decently educated, so I have been reading, listening, and studying as much as I can in the past year or so and bigger pockets has been a godsend.

There is a meet-up in Jan 11, at 25495 katy Mills, I hope to find some answers there, you may want to attend, I'm sending you the link.Join us for networking, complimentary drinks, and a discussion on investing Post-Harvey featuring a case study by Katy investor, Rae Dolan.Seating is limited!

As I am doing my research in the Oakland market, a lot of the math is starting to look slim in terms of cash flow so I started to study properties that could possibly be renovated with condo conversion potentials as a value add opportunity.

Hey BP,Just curious if there are any investors who could give some advice or share their personal stories about how they’ve invested successfully in California.Some quick info about me: I’m 24, college student, two part time jobs, and am studying real estate/RE finance so I️ can buy assets ASAP.I’m based in Torrance CA which is an expensive place to live.

I would suggest aggressively saving up a larger amount to invest and spending most of 2018 studying the markets you want to go into.$20k gives you zero room to move in case you have unforeseen issues.

There is a lot of hard work, disapline and studying that can propel you into a great future.What minimizes the risk of losing it all is to continue building up your current profession until your Real Estate Investments make you financially free.

I don't know a scenario where you'd need POF just to visit the house and study its condition, but maybe that's a requirement of this particular property you speak of.

Sorry for the ramble (classic me), you are in a great position right now and you have multiple lucrative options available to you.

I appreciate the Wall Street Journal's study.