Investment Info:Condo buy & hold investment.

Remember though your not paying retail price... buying all five at one price should be more of a wholesale price.Left the maintenance person with free rent out of the calculations... that is for you to decide after you buy the park. 

Coming from the buy and hold side of investing, I'm very focused on cash flow, cash on cash, and then looking at the other ways that I value a deal (appreciation, principal paydown, etc.).  

Investment Info:Condo buy & hold investment.

I understand buying a property via tax sale or OTC tax deeds wipe out majority of liens if there are any against property.

I think insurance will want you to replace the electrical, and if you're in Florida, they make you change the hot water heaters if they're older than 15 years.You're buying on pro forma, but you're borrowing on actuals.

Well, most of the time (maybe all of the time) you're buying HUD houses "as-is" and you're not really using the presumed condition of the plumbing as a bargaining chip.

Often times, they are renting until the can buy something whereas B class tenants are often renters for life.

If your LLCs do not file their own tax return and all of the activity of the property is reported on your personal tax return then you can sell as the LLC and buy as yourself. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.