This has been my business for over two decades and I routinely lend to fiduciaries, private and public, personal and commercial, without the need to vest title individually or sign co-guarantor agreements.

If you're a successful wholesaler and want to learn about rehabbing, find a successful rehabber and offer to bring him a few deals in return for teaching you how to rehab.I've done #1 above for several new investors, and would always consider doing #2 if someone who could provide some value in return.That said, there's absolutely nothing wrong with paying for coaching under the right circumstances (the coach is knowledgeable, has real-world experience and is reasonable in his fees) -- but don't assume that you *have* to pay to learn this business from someone successful.

if you loose $6k on your first deal...you just paid $6k to learn more than ANY mentor could teach you.

The land of a vacant mobile home pad is worth $0.The 60x (off city utilities) and 70x (on city utilities) multipliers of monthly rent are correct.The correct way to value a MHP is the lot rent multiple, plus the FMV for the individual mobile homes (not a multiple of their rent). 1970s 'beater' MHs might be worth $1,000 - $2,000. 2000-and-newer MHs might be worth $20,000 - $25,000.

Another startegy is admitting LLCs as a member. 3 in one LLC and three LLCs as members in an parent LLC, this allows 9 individuals to participate in one LLC, this was blessed by my attorney.

There are several strategies available based on your specific situation Re: depreciation, It really depends on your individual tax situation.

4)If we move a property purchased through an individual loan and then try to move it under an LLC, do we need to pay transfer tax?

Have you considered and evaluated the prospects for converting the utilities to being individually metered per unit and then paid by the tenants?

Is it best to purchase individual notes on a case-by-case basis, work with a group of private investors pooling money together or ????

If they do not have their own money or a lender I teach them how to find a lender.