So, again IMHO, the scales tip to this being a way to extract a few grand from a desperate homeowner.Short sales fall into a couple of categories.

I can't for the life of me find the formula for extracting the decreasing interest component of mortgage payments.

With the recent crash, it was typical for many of the whiners (people now currently losing their homes cuz they weren't qualified to begin with), to do the following:1) Lie about income, enabled by NINA, Stated Income and Assets, which was not an invitation to LIE, but to avoid excessive paperwork and to save time, what a joke,2) Lie about occupancy, stating they were owner occupants when they had no intention of occupying the home,3) Bill already mentioned, a smoke-screen of actual debts,and the list goes on and on...just agreeing with Bill, when does it stop?

In Indy, it is not uncommon to see a duplex investment produce a monthly return of 2% or more (especially if you have a contractor lined up that will enable you to purchase a fixer in an appreciating area).

This is the number one reason in my state of Georgia in most urban core and suburban areas you do not see new parks.They have restrictions against them and also the people at the park tend to be more transient.The local elected officials get constantly bombarded by complaints from home owners about the parks being eye sores and attracting crime.I have seen some counties enact laws where you have to buy a minimum of five acres to have a trailer on it.This keeps people from buying tiny parcels and dropping trailers on them everywhere and impeding the county and cities land use plans.I would look at a park where it is sitting on premium land for commercial development.I could sell off all or parcel out smaller pieces over time to extract more money per acre.My mom's friends in their 70's and 80's have owned about 45 trailers or so for 40 years.Every time a trailer burns down or something grandfathered in goes out the city hits them hard with paying for new connections etc. that cost thousands of dollars.Believe me cities and counties do not like these things in my state.There are of course rural counties where they do not really care about such things except for right in the town.The county or city will sometimes allow a temporary conditional use for a trailer while someone is building their house on the land but the put a time limit on it.

I also play guitar, and drums so I get to continue my passion for music because I have created this lifestyle that enables me to have the schedule I choose. 

@George Deantry zillow api http://www.zillow.com/howto/api/APIOverview.htm here is an example vba - http://johnmann.me/excel-zillow-api-extraction

A franchisee type tenant can go boom and bust so you want rental increase every year to extract maximum income otherwise they could last 4 years and then go out leaving you with flat rent.Have it as a REQUIREMENT to provide ongoing audited sales.

If/when you decide to move or want to liquidate that equity to redeploy it elsewhere, you have TONS of options that can net you tax-free cash and/or enable you to roll your property value in a nice portfolio of cash flow props in diversified markets.

Bucks County, PA wants 10% down and 90% in 10 days, as I believe Montgomery Cty (PA) does as well.Union County is very quick on deed recording, which enables HMLs to fund deals more easily.