I always use private lenders, and rarely put any of my own money into the pot.  

unless a.) your needs are crazy low, b.) you want to play in the warzone neighborhoods and self-manage, or c.) you have a big ol' pot of money to start with.  

Donald,Net worth is the same as any net: Assets - Debts.I am guessing that you want to know if the person your are financing has a pot to do their business in.Have them fill out a form 1003 (online for free) and pull a credit report.

I have 1 rental property and working on another one. recently started an LLC. what a gathered through bp/podcast. the benefits for an LLC is taxes. saying if you made $100, you spent $50 on expenses, you as the person would get taxed for the whole $100. now say you have an LLC. you made $100 and had $50 in expenses. you are taxed the remaining amount which in this case is $50. in regards to adding a property under an LLC. through a few podcast. they talked about having different LLC with each partner. so unless you want to share the pot of your first rental with your new partner, I suggest making one.

The dealer sells homes that are already pre placed (maybe at the parks expense to sweeten the pot) the park doesn't have to outright buy millions of dollars worth of MHs up front just to fill the lots, and people get a nice new trailer to live in.

Do you keep different acounts for each item, or put everything into the same pot?

@ Stephanie Pot none owner occupied.

I always like to plug those in just to have a safety net. I

But my approach would be to treat it like crabs in a pot of water.

Due to the many hands in the pot to finalize everything, what I learned was that there is a need of at least 3 different licensed  contractors, realtors, attorneys, brokers, etc.