$3,500 to rent a house in my neighborhood versus $2,200 a month for the one I bought in 2011.

However, the typical brokerage commission is 2-3% total versus 5-7% in the U.S.

I am definitely not looking to make the bank with this deal :) but I would love to help them out and have some type of input on what happens to the house (having it fixed up/sold by an investor versus sit empty).I will absolutely start looking into who may be interested in buying it and find more about their loan balance.

A living trust has the interest of personal property versus a land trust has equitable ownership of real property or real estate related assets in it.

After my first 6 months or so, I got the impression that the industry around real estate agents (MLS, ads, continuing education, etc.) were making the real money versus the average agent starting out, especially part-time agents.

Trying to figure out whether it's smarter to give priority to owning my residence versus investing (out of area) for cash flow.

I'm in the middle of a deal. I can't get on the same page with the sellers. They seem to think the property is worth a lot more than I perceive. The tax assessed value $22,000 less than the listing price. There are no...

Using a title company v. a real estate attorney.I personally would use a title company (a well established one) versus an attorney.

If you do not have the connections and are just starting out I recommend working at a commercial only firm versus a place that has a commercial division spinoff.

It would occur to me that with more risk and less collateral (again depreciating versus appreciating) mobile homes should be purchased for much more of a discount than real estate, i.e. 30% to 50% or 60% of value.So for that interjection, please forgive me if I interpreted your "15% discount" to mean something other than buying for 85% of value.