But you may come across a situation where you get an incredible deal that you could assign to someone for say a 10k fee.

Play the Cashflow game and you will understand that the goal of financial independence is to acquire enough income producing assets that generate enough monthly income so you can afford to live the way you want without having to work. 

Have you determined how much in income producing assets you need to accumulate in order to be financially independent?

I'm exceptionally impressed with the power of PropertyRadar and it's incredible value.I must also disclose that Sean O'toole is a friend of mine. 

http://www.realtor.com/realestateandhomes-detail/1...It seems incredibly cheap for 3 bedrooms.

I guess there's no way to tell how many offers the property really is producing right? 

You definitely could buy 2 nice income-producing properties with $400,000 though, just not all cash.

I have recently been asked if I'd be interested in purchasing a mobile home park for $69,900 that produces $1,900 monthly income with 5 more spots available.I have no clue where to get started and what questions to ask.Please help me in where I should get started regarding mobile home park investing.Thanks!

BiggerPockets has been incredible, and I've been trying to get my friends in on that secret as well. 

However, you cannot deduct interest you incurred to produce tax-exempt income.