The limit is set by the individual lender.Then there are "commercial" mortgages not governed by Fannie & Freddie rules.And then there are seller financing and private lenders.So virtually no limits.

I have virtually no REI experience and some book knowlege, and I hope this group will provide the support to get me started as an investor.

I know it is virtually impossible for me to get involved in real estate as I am only 16, however, I am curious as to if anyone had any interesting or creative ways that I would be able to.

Ru, you should be rightfully skeptical of any platform that says you can rather easily make big money by virtually wholesaling properties all over the US from your computer at home.

But I am looking for advice on how much work this would take considering likely tenants that are not cooperative and myself having virtually no experience.

I'm discouraged to post any lengthy replies to people with out using the larger landscape mode keyboard.

If somebody is willing to sell their property virtually nothing, there may be a reason behind that (e.g. - they may literally be crazy, or perhaps they don't even own the property in the first place).

Bigger Pockets is like one big virtual mentor.

This was given to me by @Ned Carey:"Welcome to BP @Justin TrowbridgeTo help you find a mentor check out How to Find a Mentor(http://www.biggerpockets.com/blogs/3225/blog_posts/26426-mentor)However BP is like on big virtual mentor.

Financing for manufactured homes in parks is virtually nil, so it is cost intensive to find and bring in units and there are few cash buyers so you will have to rent or carry the financing costs as well.