Terms are about 5% five-year balloon, a 20 year am.I thought I called 21st Century mortgage one time and they said they wouldn't lend to investors, I may be mistaken though.The bank would rather sell me the land, not finance the home.

Hmm..I just realized I may have mistaken MFH for manufactured homes vs multifamily homes.  

If I am not mistaken, the taxes are typically at least 4 years behind, which is a pretty big #, especially with interest and penalties.  

@Linda Weygant is mistaken.

North Carolina has one, and if I'm not mistaken Maryland is pushing for one.If you plan on buying a lot of notes in a lot of states, start looking into boutique firms that help you manage licensing requirements.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

There are only 4 not 5. non are boyfriend/girlfriend, I was mistaken on that.

Am I mistaken or does he have a leg to stand on?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?