Their advice is sound.One thing of note: a lot of folks aks how to switch PMCs in the middle of a tenancy on these forums.

I'm focusing on buying and selling mortgage notes. 

., you will come out on top just take a bit longer so you need to underwrite that in mind.If the former, I would do a combination of fixed income, private lending, and note buying and trade the arb.

If you want to chat at any time, please drop me a note.

Note: Florida charges a hefty tax on rentals under 6 months. 

I also invest in other assets such as stocks, and private companies as well. for RE agents I see absolutely no conflict.. its their job.. not every agent starting out can afford to buy a rental.. and note very agent even wants to own a rental ( like me) I only like to deal in land when I sold RE to the public .

He sells you his house for his basis $323k carries the note.  

;)Only thing to note for anyone who might be reading this later is that you might want a CPA/EA specifically since they're allowed to talk to the IRS on your behalf, whereas the others cannot.

Just note with the hurricanes, things are a little crazy down there.

On a positive note, 100% of the purchase price should be available for depreciation since there is no land associated with the purchase.I see a number of other double-wide manufactured homes available in GR, many priced well below $120K.