@Jarrod Gregory, just a heads up, MHPs as a "passive income strategy" is a misnomer.

You would be way ahead if you paid them 25.00 an hour as a 1099 or independent contractor.It is all a decision you have to make about time and the value of the money.  

In the long run I assume that would put us ahead financially given we wouldn't be paying as much in interest over the course of the loan. 

After 5 years, there is low risk for the next ten months.If this situation freaks you out, I assure you there is FAR WORSE ahead. 

Hello all,This will be my first post, and I want to apologize ahead of time if it's something that's been covered extensively already.In choosing a Real Estate Agent, I have read books and blogs, etc., which suggest and advise me to get a referral. 

Hi There, I am looking to purchase my first rental investment property, and I have found this great property in Jersey city, however, i am tempt to submit an offer without understanding ahead of time if the builidng have any open liens or violations. 

@Mikal Lewis do you research ahead of time, only market the contract for sale (not the property), learn more at a local real estate investing meet up, take a experienced investor out to coffee/lunch to ask questions

I have been burnt many times, but I don't let that deter me, since I know at the end I come out ahead.

I would go ahead and have the Phase 1 completed, maybe there is something that he is hiding??

To complicate things 1) he has no vehicle.