From a landlord/owner perspective, I think the glut of new rentals and condos will tend to at least stabilize prices--I've seen this already over the past 8-12 months in some of my rentals in Union City, although, I think with these new units (and with the rising cost of rentals in other NYC environs), there's a different class of tenants increasingly coming into Union City: specifically, Manhattan or NYC-bound young professionals, which will hopefully incentivize landlords owning non-rent controlled buildings to cater to this demographic.Prior to 2007 there were similarly a ton of proposed construction projects, many of which never came to fruition because of the recession so, hopefully, that won't be the case once again!

We follow up, we stay persistent, and some we close right-away and others take a few weeks or months to come to fruition... if ever.The important take away is that, from experience, and I say this humbly, that in every area there are sellers and homes to purchase for less than $5,000 for a good looking 2 or 3 bedroom MH.

The vast majority of what you do will take some time to come to fruition. 

Planning on adding to the REI, but for now, just saving unless something attractive comes to fruition!

If it comes to fruition, I would love to be included.

I'm glad it came to fruition that he was insane and you running very successful business, and an ethical one at that.

even if you've bought and sold once before....if enough time passes you can have this option again.7.) use your FHA loan if at all possible.8.) look for a contract for deed with good terms - this is a long uphill battle and you'll need to find the right seller and nurture that relationship - not quick or likely to see this come to fruition.9.) explore rental arbitrage, but check with your broker first to see if they will allow you to be managing property while they hold your license.

If you understand what I am explaining here, you can see how I am not entirely certain how your scenario is coming to fruition. 

Don't worry about how long it took you to get here, most give up before it comes to fruition.

Should the worst case scenario come to fruition and you do have an increase in vacancy you'll still be able to float the property.