I have always preferred to work independently, being responsible for your own success and of course failures is a great feeling, knowing that if you put in the work and effort then you will get rewarded is huge.

You need an exit strategy that allows you to get out of contract and retain your deposit (if you qualify to get your deposit back, then you certainly can't be sued).Put in a generic clause that allows you to back out (something vague like "partner's approval" usually works great).

If you buy a good enough deal with built in equity, or put in a bunch of sweat equity the first year, you can refinance in to conventional and use an FHA 3.5% down loan on the next home... but Ramon is right in that you can only have one at a time.

Through a family member I have been put in contact with an older couple in their upper 70's who hold 18 manufactured homes with their land who are ready to move on.

COC means annual profit as a percentage of the cash put in. 

Tenants that have good credit, a job, and a clean record can pay the same money and get a much better place.My strategy was to take care of all of the problems up front, put in good tenants and let it make me money, rather than have it nickel and dime me and require a lot of active management.   

The limitation on judicial action is put in place as a practical matter. 

You have to put in the time.

We've put in an offer on a home and the front porch supports are missing.

Need clarification on cash flow during refinance phase: Purchase 200k; initial down 40k; rehab cost 20k ; suppose ARV 250k; rent from unit $1400; so if I refinance then the amount I would want to take out would be the initial loan of 160k + 60k of my money to put in the next house.