Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

Good luck with your investing and please share your experience if you decide to invest with them.

if i were to acquire these and have them be owner financed, I would want clear title and the other mortgage on this lot removed - especially if my loan has a balloon on it that matures prior to the existing loan, as how would to provide clear title?

We had been planning to acquire a second home for sometime and finally decided to pull the trigger.

They seem to have a great system and I know they spend years before deciding on where to build there projects.

Transcribing transactions from bank statements, posting transactions to the correct accounts, and then manually creating an income statement, statement of owner's equity and a balance sheet is a fairly time consuming process and I have not been able to keep up with the book keeping between my regular work responsibilities.What accounting software do people recommend? 

The previous owner claims they never had the titles to these trailers, so that is not option. 

Context: I just moved to Portland, OR and finally decided to pivot careers from healthcare into real estate.

There are a lot of site-specific issues you need to investigate before deciding what the land is worth to you.

Summary;  95% of all pre forclosure owners refuse to even talk about selling inspite of the empending auction.