Ultimately, this is future refinance all dressed up and made complicated.  

It boils down to do you want to buy space on a big ship going to fancy places?

How do you think their office got so fancy?

@Omar Khan haha I was just telling someone we had a manufactured home in a "fancy" mobile home park listed for $299K in my town just a month or so ago, I should look up if and what it sold at.

No pictures, no fancy logo's, matte or uncoated finish (no gloss).

always verify - verify and verify everything - rent, expenses and the history of the property you are considering getting involved with.How many days on the market - known as DOM, how many times has the price been reduced, read the comments section of the listing - ask the agent why it has not sold.Talk to the listing agent - gather information - why has it not sold, what are the problems with the building, what is the zoning, why is owner selling, how much will they financing, how much will the seller contribute to settlement cost, can you have possession before settlementAsk what the balance of the mortgage is - see if you can do a "subject to" and seller financing for the balance of their equityAlways act professional - look and dress like a pro -Remember when you are asking questions - you are in control - when they are interrogating  you, they are in control. 

Every time, no matter how fancy I structured it, JV's, LLC's, corp's, every time it has been a HUGE pain in the azz, with conflicts and bs.

Emailed him that I changed my mind and I will blow it all on a fancy vacation and a big screen TV, to please reconsider my application :) I do not expect a reply.

I even went with her to pick up her horses at the fancy place they were at and hauled them home for nothing.

Sure it's better to start with something more fancy, but if you're organized it doesn't really matter what you do when you're getting started.Along the topic of organization, the biggest thing is setting aside time weekly to update your books.