Deficiencies, payday loans, credit cards, medical, installment loans.

@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.

However city is imposing a good amount ofimpact fees based on the bedroom count - which accounts to close to $40 k , which i cannot afford- Ibought the house for myself to reside and cannot afford to pay this.We verified with city prior to buying and theyconfirmed it is residential zoned , however never mentioned about any impactfees.It is residential zone - MLS shows it as 3 bedroom 2baths - it had a extra unit  in the back and also a inbuilt rolling bed on 1st floor for the main I am stuck here- they are asking to prove it was usedas a residential -ever - any guidance would be appreciated on this.

It's always someone else's fault that a person has any deficiency, NEVER peoples own fault for how they live. 

If you meet this regulated threshold at the end of the year, an IRS 1099-K tax form will be provided to you."

Quote from @Kristi K.: Quote from @Scott Mac Downside equals Expense and they can be stolen easily.Just curious, how many closet doors have you had stolen?

Quote from @Kristi K.: Quote from @Logan M.: I would love others to look up their market stats but I am not seeing mobile homes as depreciating assets in regards to their resale value.We bought a mobile home Dec 31st 2017 for $55,000 because the guy needed cash before Jan 1st.

My mortgage payments are barely a few hundred dollars below rents and when you factor in 300+K minimum in each house, vacancy, repairs, etc. it's barely good for appreciation, or at least it was.

Rob K hey rob, just curious, do you pay your cheap guy by the hour or by the job?

FHA 203(k) loans The FHA provides financing for not only purchasing caps but renovating distressed properties generating an income through renting out rooms or units.