If you do not reinvest all the proceeds, any excess amount not reinvested is immediately taxable.

Since you'll be owner-occupying, take advantage of low down payment loans like FHA (3.5%), Conventional (5%), VA (0%), or a 203k loan for renovations.

I like DealMachine because you can literally drive or walk for dollars on the app in real time and all contacts are skiptraced with pro.But, you also want to make clear why you want to find off-market deals.

This is a great place to connect with people so take advantage of all the great resources.

For Example:  All Blue houses make more money.Lots of times, I tell people not to trust me, since my topics can be vetted, plus I don't know their personal situations.Just surprised that people on the Forum don't have more Podcast visits referenced in their bylines. 

Would you take on a rehab to get a better deal?

By creating a process, you can prevent these issues from taking place and save yourself a lot of time, trouble, and money.

But the good news is, you don’t need to have all the answers right away.

It's always way better to have cash flow than none at all. 

Jacob,The advice you are getting from this guy who is "in lending" is very vague and is not covering all of the fine lines that manufactured home financing requires.