New carpet upstairs and in the basementNew laminate downstairs Brand new appliancesAll new kitchen, including granite countersAdded a pantryDemolished two downstairs bedrooms and made into one with an en-suiteMaster bath with tile floor and a HUGE tile showerNew electricalNew plumbingNew ductworkTile fireplaceChalkboard/magnetic wall in the basementNew landscapingNew facia boardingNew lights I lost track of how many new windows I would post pictures here, but it appears we can’t do that on mobile (Mindy Jensen can we get a patch/update for that?)

My name is Shelby Shaw, I'm a real estate agent at Keller Williams Realty Mobile, AL.

I am thinking of selling my first home, take the equity and move to a mobile home until finding a good deal on a multi family home in the central FL area which is been pretty challenging to find.

Via a Mobile Home Park for sale website.

I'm sure that there will be an opportunity, and I don't want to be the one to get burned because I sacrificed cashflow just to get a "deal" done!

I found an agent that 'Gets it' and I do everything I can, not to burn him out.

He apparently had a mobile lab and the cops pulled him over found stuff on the other guy and NEVER searched the van and found the lab.

Here's mine...Start -> Build mailing list of potential leads  -> while waiting for phone to ring, build buyers list -> While waiting for phone to ring with a trully motivated seller, continue building mailing list and keep sending weekly for at least 5 weeks -> Go to a local REIA meeting and network -> Go look @ all potential houses, going through the motions is good practice and makes you kinda feel like your in the game ->Have contracts, for when the big day finally arrives ->Continue to read and educate yourself, while waited for phone to ring ->Learn your market, hook up with a realtor that will give you comps on potential deals (more than one is better, don't want to burn anybody out so early in the game) ->Finally time to negotiate your first deal - good thing you did all that work before, you actually should feel like you kinda know what your doing. 

I know this is a lot of hypotheticals and many people would call me over-cautious, but it seems like many people underestimate the risks of leverage and get burned in RE when the market turns and they're in too deep.  

So that's somewhat of a buffer zone, I guess.I had a friend who runs a very successful business (very business saavy, but not really into real estate) preach to me that if you overleverage and don't own things outright, you'll eventually get burned.