Now, financing (assuming MS is like VA) is ONLY attainable conventionally on a manufactured home IF and ONLY IF (at least from any source I've found) the home has a permanent foundation and is considered real estate instead of personal property.

It's just a rule of thumb that usually isn't attainable in California (or most major markets).

And that success would have to be measured by well, measurable factors like # of deals completed, amount of income attained, time to complete deals, did the student achieve their personal goals of 'quitting their job in 19 weeks' or replacing their income.

2% is attainable but you usually have to compromise on location and/or tenant.

Ample cash reserves is a MUST though.

Stay away from franchised brokers - and talk 1on1 with someone that is serious about helping you attain your goals and not afraid to make some money along the way.

However, I deem to help in whatever way it is possible in attaining part of their desire to become a homeowner, well within reason as well as helping those desiring a way out of their home.

Nice job on setting an attainable goal.

They are able to do more challenging properties that other lenders won't take, such as turnarounds where your occupancy is at just 60%, as long as you can show attainment of a 1.30 Debt Coverage Ratio.With zero experience, partnering with someone on a first deal might make more sense, as experience is an important issue for many lenders.

Even in my farm area in Dayton where the 2% rule is more easily attained, If I work harder and purchase properties in need of repair I can achieve better than the 2% because my after repair cost is lower than buying a move in ready property.