Listening to informational podcasts instead of the same old songs or talk radio during your commute is a great way to be somewhere better 5 years from now.  

Thanks for going over the details @Robert Leonard .  

Now, that said, if you do that, you will find yourself in situations on occasion where you'll have more deals than cash, at which point you can either try to get more cash or forgo the deal.If you're making offers on REOs, it's easy to "back out of the deal" -- you just don't sign the addendum.

I've chosen for now to forgo an LLC,  but I am carrying plenty of insurance,  and (hopefully) the correct kind.  

NOThe money has to be paid.Don't listen to their crap.I have heard about every story.Once they know you will evict they will either come into compliance or be evicted.If you don't do this the tenant will have in their mind "Last month I told Julia about Raccoons eating trash and now I need to think about what to say next month to try and get reduced or free rent"If you let them walk all over you they will gladly do it.They don't care you are tired and only care about themselves.If you think one tenant is hard try handling 30,40,50 or more at a time.You can't listen to all the song and dance crap.

Find a song or songs that lift you up and when you feel doubt play the music.

Once the money is accounted for, go meet your new tenant and execute a lease.

I've also been investing in my future through song writing and producing for 8-9 years.After seeing (from experience) that music royalties are going nowhere but downhill, I decided to invest my money and time elsewhere.

I would not forgo a home inspection, but perhaps insert language into your contract that says you will not ask for any repairs to the home?

You will expect it to be completely destroyed over the next 30 years and become worthless.When you are looking into the analysis of these 3 kinds of properties for appreciation metrics, you can us a spreadsheet for Property A and it will look like this:Property B, no need to have a chart, you know that the rents will remain at $1,000 per month since it's in a stable rent area.Property C, you may have both decline rent along with the decline of the value of the mobile home.Now, taking this into consideration, even if I finance Property A so that I wind up losing Cash Flow in the 1st year by NEGATIVE $40 per month, by year 2018, I am now positive cash flow by $10. 2019, I am now $$63 in positive cash flow.For a Property like A, the increasing rental appreciation will make a negative cash flow eventually positive.Property B and C are not like that.The likely increase in Rent and Price Appreciation is exactly why Investors like myself are willing to forgo on the Cash Flow NOW.