There was also a 12 page addendum where i promise to indemnify and hold harmless seller and his broker and where i waive my rights to pretty much everything including a trial by jury.

We have a pretty strict criteria about what we'll buy, and I typically want to see a COC in the twenties on solid properties in decent areas with conventional 30 year/20% down mortgages (which is obviously tough to find right now.)BUT a deal just came up near me for 45 units - asking price is 1.65M, stated NOI is "Over $200k" (but with the variations I've seen on what some commercial brokers count as expenses, I'm waiting on more information to get really deep into this analysis.

There are huge variations between houses in these kinds of areas.I average about $17,000 per unit to get it rent ready and $500 per month in gross rents.

;by purchasing an investment property (trial by fire ... err, doing);if they cannot purchase a property at the moment, they should get a job, learn to budget and get their under control so they can save money to invest;by developing a skill - i.e. learning how to find and identify a deal - they can provide to an experienced investor in turn for being able to learn (be mentored); ....This list can get quite long if you stop to ponder for a bit.

You can use "real estate agent" or variations of the term if you prefer.  

Using tons of variations, like "MHP," "Mobile Home Park," "Mobile Home Court," "Mobile Homes" and then also repeat using Manufactured and Trailer.  

What you are describing is a variation of house hacking.

I haven't tried it personally, but am definitely going to do the free trial to check it out.

Sign-up for a free trial with Prospect Now.  

Thank you all for the votes - I really appreciate it - it makes me feel good when others like the creative real estate formulas that I talk about - It has taken me many years of investing, taking seminars - getting good and bad advise and Trial and Terror - but in the long run it has paid off.