The large apartment building market definitely seems to be getting a little to overheated these days, so I try to stay in my easily understood wheelhouse with good cash on cash returns.

John houses in the area are mainly 3bedroom 2 baths but there is a 4 bedroom 2 bath going for 56000 but as I said in the post the third floor could be another bedroom or home office so once rehabbed I believe I could easily get 60000 to 65000. 

It seems as if your prospective landlord wants to have unreported income and the ability to easily evict you if a purchaser requests vacant possession.

Is my sponsoring broker able to easily get his broker's license in CT since there is reciprocity?

But you can easily find long term, steady cash flow on out of state investments in markets like Indianapolis and Kansas City.

It's a fantastic way to learn.Per program rule, you need to live there for a year, but that will give you time to learn about landlording, etc and you'll live for free so you can easily save up for your next purchase!

I gave my $300,000 move-in ready beautiful vacant home to this large well known local co in Oct 2016.( Ive owned and self-managed another very similar rental in the same subdivision-- since 1998--and it has never had one day of vacancy in 16 years-- rented at $1860.This professional pm co put all utilities in their name on my new property and turned the hot water heater ON and the Water ON ( even tho the main water cutoff valve is easily accessible in the coat closet beside the garage.They let the property sit VACANT OCT-NOVand on their "routine inspection on Dec 1, to make sure hobos had not moved in" they SAW the water heater in the garage was spewing (at full blast) A 20' stream/ fountain of HOT WATERand that the entire finished closed garage was covered COVERED !!

Anytime money is involved you are suceptable to having to hold those license laws and people that will easily violate them.

If you find a park in a good area for said park, you should be very profitable.Have you considered purchasing a park witha number of mobile homes (which you could secure financing for more easily) and then selling the mobile homes existing at your park.

Luckily, my income is high enough and I can easily qualify for additional loans.