Water leaks, problems under the trailer ie insulation falling, a tub cracking, a new roof, frozen/cracked pipes (usually in January- and plumbing companies simply will not respond to mobile homes), rotting siding, bad exterior doors etc. 

And to top it off the Gurus simply hire one of the  fulfillment companies that do all the marketing and work for them for of course a portion of the revenue that is a huge business too with fulfillment companies making millions upon millions. 

I wouldn’t get a 15 yr mortgage, even if that builds equity quicker because you are simply putting more dead money into your property.

One reason is the county is simply an agent for the State real property tax's are state funds then deligated back to the counties.

As long as you specify the bank name, address, and interest rate in the lease, you're meeting the legal requirements.To avoid the hassle of having to have the tenant sign the lease twice, you can simply leave the account number blank in the lease and note that the deposit will be held in a specific account at a designated bank.

The plumbing industry has so many different type of materials and codes that most customers simply don't know what to buy and get frustrated after so many trip trying, because they keep buying the wrong thing.

I equated it to a property per year simply because in the Denver area it's very difficult to find cash-flowing deals that make the investment worth it, so I figured I'd be looking at several properties to reach my financial goal. 

@Chris Johansen I believe the part you're missing is you are not "simply loaning him money" under the new iteration of your partnership arrangement.

Most simply, let's assume you do a cash out refi for $336K and the interest rate is 7.00%.

I also wouldn't be where I am today in terms of my contacts and relationships with vendors, to be in a position to self-manage confidently out of state.All that being said, if another deal with the same amount of hair on it presented itself to me today, I would pass simply because my risk profile has changed.