If you decide, "hey, I don't want any more than 50% of my net worth to be RE equity" then that will influence your decision.  

If it is a block house it can be re-coated in two days. 

Under any of these three scenarios the landlord has the absolute right to take possession of the premises, change the locks, and prepare the premises to be re-rented.

@Nolan Martineau, I also suggest you make sure that the arrangement you have with your family member is in writing.

Your's will have to be re calculated and increased accordingly to positively impact your ROI and cap rate.This is where most MHP investors fall far short of the mark.

If that happens to be RE, great.To answer your question on how much do you need to earn, the best thing to do is find an investor focused mortgage broker.

From what I read on the forums to-date, it seems like being an LLC member is not the way for me to go.

Hey,So my question as a new member is what are the chances of getting a lender to offer a 75% loan on a $1 million multi family property in Florida for around 4.5%.We have previously invested in many single family properties in the UK and have over €1 million in property.

The family member is not planning to charge interest which sweetens the deal.

You've inspired this 26 y/o service Member! I