In a trailer park, you don't pay property taxes.As others said, mobile homes don't appreciate the same way as a 'regular' home and insurance is a lot more.I have one that is on its own lot and I had no problem with getting bank financing. 

.• Category 3: Net gain (to the extent taken into account in computing regular taxable income) attributable to the disposition of nonbusiness property and property other than property held in a trade or business to which the 3.8% NIIT does not apply.

For me being around like minded people is what made all the difference Bigger pockets plays a huge role along with a monthly meet up I co-host. 

There's probably at least a couple flippers in your area that are hosting meetups (depending on weather / how bad the covid spike is right now).But if you've never flipped a home before, books/youtube can only take you so far.

Why can't the buyer use regular financing?

Does anyone know where I can find regular updates on the Freddie Mac Small Balance Loan interest rates? 

I guess I got screwed on with these fees, but hey lesson learned.I guess one of the things I was looking for is to have quick cash and also finance the rehab cost, which normally I wouldn't get with a regular mortgage. 

I receive monthly payments from a personal injury settlement, but because this does not count as income, I don’t believe I can get approved for a regular home loan program even though I have an excellent credit score and some cash for a down payment.

It works like that with most brokerages, they just may want you to get a cert in commercial since most "regular" agents bone it up pretty good.

It's put on by the hosts of the Multifamily Takeoff/Founders of FortuneCribs.