Just curious to see how people in this community started when venturing into the land and new construction aspect of investing. 

While everything above is great people lower rent brings lower people problems.

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Some people recommend filing in WY, other recommend land trusts, etc. 

I would also find a way to sleep at least 2 people (if not 4) using convertible sofas and/or murphy beds. 

We work only with investors in our office so you can trust me when I say people are still buying and making money. 2.

You have one of those dream situations of using other people's money. 

But, presumably people will be around this so you really should have this properly designed.Just another way to look at this... 

Homes that are "modular" are partly constructed in a factory and then assembled on the building site, otherwise they are just like any stick-built home with the same code requirements.A lot of people have made millions with manufactured homes.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.