My grandfather owns a unique piece of property in the heart of Orange County.

Wouldn't that allow you to save more in the long run to explore more opportunities for cash flow in the future?

We have some pretty unique benefits, and there are a lot of successful military REI guys/gals laying around.

Just asking other investors to buy the house or not makes no sense, each property purchase is unique.

Also the cost of repairs can be added to the property balance, making the new weekly payment $127.From the balance owed, this would leave $27,500, I am asking for $15,000 to walk away and someone takeover the contract as the work needs to begin ASAP.I usually have more time to sell a property, but have found myself in a unique position that I cannot control.Thank you for your time and I hope to hear from you soon"- How much should I estimate for closing costs?

You can sometimes get around it due to unique circumstances like job moved 50 miles away, relationship change (getting married/divorced), etc ,but if you have all of your life variables the same, it is just one year, and then you can buy another property.3) You can only have one 3.5% FHA loan at a time unless you have good reason to get another (see point 2 above).

I have a flexible job that is carrying me, so I want to focus on learning and exploring at this point. 

Some unique ways to source properties are: Through networkingChecking out probate propertiesMarketing like direct mail or online adsSurfing Craiglist AuctionsThe LendingHome Blog has some great articles that dive more into sourcing properties as well.

Keep in mind, mobile homes have unique problems and unique maintenance issues so it pays to educate yourself on them, particularly any built prior to 1980.I bought a trailer home for $3,000 that was fully furnished with newer kitchen appliances, newer furnace, new air conditioner, new flooring, and it was two doors down from the managers residence.

If the numbers work, its legal and you can manage (or pay someone to manage) and make money, then I would say you found a unique niche, with little competition!