Additionally, should I form my own contract and make it a personal written agreement or should I get an attorney involved?

The ease of that transaction boosted my confidence and within the next year I bought an additional property near the same university.

The property in North Oakland was purchased with $100k discount, seller did the sewer lateral and some additional demo/cleaning of the property. 

I have a feeling that crowd is going to be growing significantly with the additions being made across I-79 near University Town Center.  

This one will get a full cosmetic rehab including tearing down interior walls, adding an additional bedroom within the existing living space, re-piping with pex, new roof, HVAC, and exterior stucco.

In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.  

I'm interested in acquiring rental properties for cash-flow, not bets on appreciation.

Would a business license be required in addition to an LLC to do wholesaling, buy and holds, fix and flips?

You bet @Marshall Downs and thanks!

I would bet that @Steve Babiak has him though.I know Brian has done many of these kinds of deals.