On the same token, investors don't want to throw their money into a pit of a house that you might not be able to finish.From an investor point of view there is a BIG difference between:I'm looking for 100% financing and we will be flipping a giant mess of a 3/2 in Smithtown, USA.vsI'm looking for a money partner on a flip in Smithtown.  

Beautiful original woodwork not ruined by paint, large open staircase in the front hall, absolutely giant apartments..but I digress.I got excited about it and suggested we partner on it if the numbers worked.

Thank you Dick, ...for the welcome and the encouragement.I look forward to hearing from you again.My family has southern roots.

Go a day ahead of the exterminator with a giant box of thick 50 gallon contractor trash bags and make sure the tenants but everything in plastic boxes or double tied up trash bags (be careful when you get back home).

Originally posted by @Dick Rosen:Congrats Ben Leybovich you are an impressive man.

Even if the second and third investments were similar type deals, it could eventually allow me to step up into newer larger single or multi family properties.That is, of course, contingent on not discovering some giant issue with either the structure itself, something in the property records, or other reason that these numbers are in fact too good to be true.  

I’m a few weeks in, but I’ll split the post up so that it flows a bit better than a giant long read.Been getting all sorts of RE education through biggerpockets and my local REIA for a couple years.

You'll find the cost to borrow a lot cheaper when that number goes into the mid to high 700s.Good luck,BrianI think everyone agrees that I should get rid of the two giants (auto payments).  

No utilities and damage are giant red flags, it is down hill from there.

But you can know 100% for sure if you just call the power company and ask them if they send one giant bill for the entire park to the park owner or if they send individual bills to each tenant.You don't want to even think about buying a new park that has 0% occupancy.