I like the idea of it, but I feel like I can stretch my money further with active investing since I don't have that much to spare. 

This will stretch your dollars and help diversify among more homes.Breaking the rules: We will only break a rule if the % return is crazy good.

I'm all about jumping in sooner rather than later, but if you take that too far and try to stretch your numbers to jump in, you'll end up with negative cash flow.

Once you get the first one under the belt it will get a lot easier, but this first one you might need to stretch on.4.  

We have used plastic stretching from the eaves to the ground, with propane torpedo heaters just to get it painted.

Yes, the Act applies to raw land if you can build or place a home on it.Ken, we are on the same page, I'd say that while you specialize in mobile homes, there is not a far stretch at all in these matters to apply what you have said to land or conventional homes, if any at all.

Could you possibly get the owner to sign a contract similar to a wholesale contract but you stretch the terms to 6 months....

I know I am REALLY stretching the scenarios way out there, but this is the time for me to get it right while we are still in the development stage.

I'm in central indiana and you can definitely make that stretch here for sure

As a last resort I offered to match the owner's offer up to $2500 (stretching my budget).