Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC (you can elect to have a LLC taxed, as a S Corporation which is a whole other conversation).If you want to close in the name of a LLC, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).

But based on the age of their post and their total number of posts, my guess is we'll never find out.

This will give you clarity on the numbers and help you determine how to structure an offer that works for both sides.

Purchase price: $300,000 Cash invested: $50,000 Purchased a 12 unit park owned mobile home park on a 5 acres.

I would find properties, submit them to their portal and they would tell me what they would offer when the house was completely remodeled.  

For financing, there are programs like FHA loans for first-time buyers, and there may be local or state-level programs offering incentives for affordable housing investments.

We have been around the bigger pockets community for over a decade now and have more 5 star reviews on bigger pockets than any company on this website in any industry (>270  5 Star reviews).

Purchase price: $105,000 Cash invested: $25,000 In 2016, I saw an ad on Craig's List for these 2 townhomes.

Are you focusing on long-term rentals, or are you still exploring different investment strategies?

Is it all on one level or a two story?