It is amazing how many people don’t even try, denial is a big thing with people going into foreclosure.

Also my agent has steered me away from 2 units and said to focus on 3 and 4 units where the cashflow is much better.I'm also looking into property management companies to help deal with the maintenance end of things.I haven't heard back from the woman I made the first offer to, so I'm assuming she's going to say no.

So, please, do not go off my analysis...Based on the numbers you quote, it looks like a good -- but not amazing -- deal.

I've seen about 10 GREAT deals thus far in 2007, with some being amazing and going for about 33% of ARV (Some didn't even need repair!).

It amazes me that they didn't do their DueDiligence to see if this guy Sam Leccima actually sold his properties.

You would be amazed by the number of people at the meetings!

i'm new to real estate investing and have heard that there is amazing cashflow in MH parks with very little maintenence since most of the tenants are owners or tenant buyers.

If its a woman watch out!

Also, another question.You say that properties should be considered as 0 down and mortgaged to the hilt....and that there should be amazing income.So, where does "investment" come in?

The "injured" woman was already totally disabled, but was working under the table at a bar and for a contractor.