My best piece of advice is to buy a house with an existing permit.

@Brett Jurgens  What is your current financing terms on the existing loan? 

Existing mobile home parks are in high demand for all investors large and small.

10% is not going to exist, 15% still does currently, but it will be very hard to make work considering the current environment. 

we did that except instead of renovating it we knocked the existing home down and built a new primary. right after we were completed we had $500k in equity as we acted as the GC on the project. 

I don't think you can go wrong with any of these 3:REI NationJWBSpartan InvestThey have all stood the test of time and I if i ever win the powerball, I'll "throw" money and own 10 properties with each of them lol 💰I'd recommend myself but my A$$ is still sore from working with investors so we aren't taking on any new business and are just working with our existing investor base

For most of their existence Fannie and Freddie were privatized.  

Do they come through and try to justify their existence by pointing out small things for you to fix or is it pretty benign and they're just making sure you're not a slumlord?

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

It's an 860sf unit, so it would be right around the $2.00/sf mark as a LTR, if not a bit higher.I inherited an existing long-term tenant in the first floor apartment, so that unit isn't in nearly as good shape as the fully renovated upstairs unit.