The value of the home will be dramatically reduced compared to similar homes in the area since it is in a mobile home park.

Man, I know our income is good compared to national averages and such, but living in California, you can hardly notice it!

Another indicator would be the cost of equivelant brand new homes compared to existing homes.In my area, it is still easily cheaper to buy than build.

Most of the other big banks are imposing 60-120 day resale restrictions (though not deed restrictions, just contract restrictions), so I'm not surprised FNMA is following suit.Interesting that they have the 120% resale in there after 30 days...that's actually more lenient than I would have expected compared to others, like WF and Chase.

By selling and moving your equity into a different market or area you can create more value for yourself again with your cash.You need to take your comparable sales and then deduct your selling costs minus loan payoff and 1031 costs to see what kind of cash you would have to put into one or more other properties.

Go talk to an REI guy and he will tell you how well they do things compared to the big guys.

I've kind of ignored the folks that advertise on tv and such because it always seems to have some annoying element to me.

I'd say rents are good compared to purchase prices here in Houston, although I do not have direct experience in other markets.

My original intent was a flip but as the work was being done (I did a lot myself but did hire out the roof and windows as it was cheaper compared to my time value) I had an offer to rent at $70/m more than I originally estimated.

I have a real estate background and created massive spreadsheets with comparable sales, assessed value, market trend analysis, etc. to valuate a potential real estate property.