the real money is in talking to groups to see if it can be taken out of the flood plain and if there is other homes that have. we purchased a piece of land for 8k and got it out of the flood plain and it was worth close to 40k. land entitlement is one of the highest money making activities. check with the local zoning office or national firms a lot will take a look for no cost and if you can get sewer and water and developable by raising it out of the flood plain you are good for some $$ we did this in newark ohio with a single family home plot that we ended up building on and had to raise the land up 6'. it's a suburb of columbus ohioThanks for posting your experience Robert. 

One of the tings you need to learn is that if you dont want to be a "finance person" then property management or real estate in general is not the career for you, because it it all boils down to numbers and if you think you can wing it without understanding finances then you wont make it in real estate.Gonna disagree.

So it's just personal preference and budget for a host.

We have experience purchasing properties through our LLC using lending, where we own 100% of the properties.

Did your borrowers mention securing your investment with a recorded mortgage or deed of trust, personal guarantees, lender’s title insurance, or anything else?

What is Your Real Estate Experience?

I'm a licensed realtor with 18 years experience in several investment strategies.

This is my only rental property so far, although I own my personal home out-right in UT (no mortgage). 

Can you send me a link and/explain from either personal experience or an example of when you seen that happen.  

Appreciate any tips, insights, or experiences you can share to help guide me through this process!