If that house is costing me interest, taxes, utilities, HOA, etc then incentives could potentially save money.

The idea was to live cheaply, or close to free, while I save for other investment properties, then this one be a cash flow after I move out.

I know all I need is to get my first multi-unit and the rest will follow but it is so hard to save cash.

I have enough saved for a down payment on a single family rental property, and have been browsing the MLS sites for a few weeks.Here‘s the catch - I’m renting right now in Downtown Tampa, and it isn‘t cheap.

Generally, these will be lower income neighborhoods which already had problems.BUT, for those neighborhoods which had a strong support base and higher incomes, they could afford to have a volunteer Fire Dept, hire private security to drive the neighborhood, and keep the quality of their education for the kids up via private schools, which are generally expensive.When the down turn happens, richer families which sought to save money and chosed to live in the lower income neighborhoods, find themselves leaving the lower income neighborhoods and moving to the safer, higher income neighborhoods.

An S-corp can save some taxes on flips but won't help with rental income. 

I'd also have an attorney draft the land contract so you don't have problems later by using the incorrect documents, you should try @David Soble of http://www.ProvenResource.comI've been investing in Metro Detroit since 2003 and have seen many crazy things happen when tryong to do everything yourself to save a few bucks upfront only to lose it all later.Feel free to reach out anytime.

So i posted on here that i was new, looking for knowledge- but not for free, willing to put in the work or small investment that I've saved in order to bring value to a mentor.

Even through the numbers worked, I'm concerned about depreciating value of the mobile home, and saving up cash for refinancing. 

I have some savings, future employment is an option, and looking for multi-family properties to rent...also interested in flipping.