The brakes were put on these transactions through ALTA (American Land Title Association) requirements.

Without experience in this field, you can't be sure that the numbers you were given are accurate (real estate agents are notorious for padding the numbers), so it could also put a financial strain on you.  

I always look at hot pads.

That's probably a money loser by the time you get done paying money costs and realtor fees if you dont have a pretty good padding for overages in your $90k and this is your first one.You might need to do some more reading on what a good deal looks like.

It's not realistic to buy as many long-term rentals in a short time frame as it is for flips.For me, I literally had to hit the brakes and reset button and change my mindset from fast and exciting to slow and reliable.My suggestion would be to start out small and start shifting capital away from flips and towards rentals.

If I were holding the property for an unknown period, I might put in a temp fix with some 4x4s on a substantial concrete pad next to the old column.

Bank of America Gets Pad Locked After Homeowner Forecloses On It.http://www.digtriad.com/news/watercooler/article/178031/176/Florida-Homeowner-Forecloses-On-Bank-Of-AmericaRaymond

Hello Investors,Every savvy real estate investor is seeking off-market properties, there are literally thousands of companies hiring "house hunters" to pad their portfolio, and I am experienced at finding vacant or bank owned properties by simply driving around, but my driving privileges have been suspended and I am desperately in need to keep my income coming.

One of my goals of the year is to add at least 200 pads of MHP to the portfolio.

Hey,I am in contract for a MHP in Florida, and would like to know what others think, and also what the future price would be for the park after I turn it around.24 lot parkdirt roads8 tenant owned paying $300 lot rent1 vacant pad- needs trailer1 tailer vacant -needs rehab and tenant 14 trailers getting approx $625 rentWell and septictenants pay for electric Owner pays for garbage $700, lawn care $800 and electric running well pumps $400 per month Park is 6.6 acres Asking price 500,000.