I know this is what I want to do and am devoting a lot of my time in educating myself about REI.

I am a retired military officer who can devote full time with my wife to this business.

Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is a no-brainer.

Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is a no-brainer.  

If after 12 months I don't see any significant progress then I will go ahead and devote my energy to getting my MBA.I'm honestly just not sure on how to start this 12 month project.

Here are some questions to ask yourself:How much real cash can I devote to purchasing and running a manufactured housing community?

It can get very overwhelming at times and if you aren't completely focused and devoted, you can lose hope of ever getting done.I also agree that you should never use hard money in this situation.

My wife has a degree in the medical field but only spent a short amount of time in the workforce before devoting her time to raising our child.

You will need a devoted checking account to serve your LLC and properties and you will need to pay taxes on the property from that account.No worries about fraud, there is nothing fraudualnt about an of it, it's only changes to the structure of things not hiding anything in any way.

I'd put myself in the average category in many ways, and have limited bandwidth to devote to it.