I'm sure ill get great information and meet some great people through this site, so thanks to everyone in advance for any answers and advice I will receive along the way!

I received a phone call out of the blue yesterday from a commercial real estate agent for the two neighboring properties next to me.

I'm about to receive my RE license and will be working with a local broker to open a new brokerage company in town focused on investment property.

Our rental is worth $400K and receives $2500 a month in rent.

Troy:Excuse the assumptions; but, I would suggest that if the bank has possession, there may be a receiver in place, or the parties have agreed to the bank taking "control.".

So i am in the military and receive roughly 1400/month just for housing and where i stay now they take it all so i don't see that extra money.I was wondering if it would be a good idea to buy a manufactured home for say 40k and pocket the rest of the money left over from the mortgage for a year and a half until i leave the area.My concern is selling / renting out the manufactured home, do they sell or is it usually easy to find tenants ?

Contract states that due diligence does not begin until I have given my written notification that I have received all requested documents.During due diligence I request the following documentation:P&L Statements.Seller's Tax Returns and Bank DepositsLease agreements and rental receiptsCopy of current management contract and payroll registerCopy of insurance policyCopies of service and advertisement contracts (Trash, Water, Util, etc)Confirm any existing liens.WHAT IS THE BEST WAY TO GET TAX RATES, SINCE THEY MAY CHANGE AFTER THE SALE?

But I usually cross-check them with the local mls website, as that seems to be the most up-to-date.The best move I made was having my Realtor set me up to receive emails any time a multi-family is listed or changed and any time a single-family under $40,000 is listed or changed.

I have received mixed feedback from numerous real estate agents about that.

The help I have received here in just a couple of days makes me happy to have found it.