We were stretching the price since the market is insane here and got a full price offer the first day.

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.

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.

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.

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

I have to agree with them that it is harder to make a big career change when you are responsible for a big mortgage and have several mouths to feed.Now the good news - though not a crystal ball by any stretch of the imagination, many millennials have shared that they expect to purchase in their mid to late 30s.  

Na can't even give him the stretch of saying single nurse maybe. 

Right now the market is tighter than a gnats butt stretched across a 55 gallon drum!

I would love to go now, but I don't want to feel stretched financially, and I need more info about LLCs, taxes, contracts etc before I even feel comfortable. 

More importantly you are stretching yourself way to thin financially.