None of that "check is in the mail" dialogue, and those without bank accounts can pay in cash (or wampum, for all I care just so long as it clears the float!).  

@Bo Banner well to start you should decide where u want to invest.

At least they won't after their floating rates go up or property tax catches up. 

if water is a concern, you want to put in some porcelain. they sell wood-grain tile that is made to look like wood, but you will never warp the boards like laminate. as far as glue, all the products are called 'floating' floors now, they click into each other, installed over a water-proof sheet. any water will ruin a piece or 2, and the idea being you can rip the piece up and put a new one back in. it's actually easier to just install it without glue. they click in, no nails or screws. 

It could be useful if you're trying to float money for a small rehab or something. 

As usual with MHPs, a $0 valuation is always floating out there and a umber of different things can cause that. 

I've kind of just floated along hoping for the best, now I can see what can actually be done I really want to build up a buy and hold business based on single family homes and transition out of my job in the film industry to financial independence.Fortunately I have actually been very lucky with my investing and sold my last rental a year ago during a very inflated period in the local market and fully paid off all my mortgages, including the family home giving me capital somewhere in the region of 1.1-1.2 million, now I just need to get that capital to start making me some cash flow so I can reduce my hours spent on the film set and increase my time hanging out with my young family.Since my local market (Auckland, New Zealand) is still extremely expensive and rents relatively low (nothing I have ever owned in Auckland has ever come close to positive cashflow, I just thought I was buying for future gains), I started looking in a city 3 hours drive from Auckland called Rotorua, and discovered it has much better prices.I have bought 2x 2 bedroom properties this year.

It depends a lot on the property type and your plan with the building.For example, for a typical multifamily building in NYC, you might gets 5+5, 7+5 or a 10 year quote over a 30 year amortization (the '+' meaning that your initial term of 5 or 7 years is at a fixed interest rate and after that initial term is over, you have the ability to exercise an option to either fix or float the rate for an additional 5 years).Tell me more specifically about the asset and I may be able to point you in the right direction!

The downside is the rate will be floating, and likely higher, than a mortgage (but they are often interest only, so they payment will be less). 

You’re basically buying a Mobile home that floats/sinks and costs 10x to repair.