Some posts suggest that 1 LLC to be set up to hold land and the other to hold other income producing assets but doesn't this imply that I wont be able to set off the expenses in holding land (eg property tax) against the rental income produced by the mobile home park?

When i say no money down I mean to buy the properties..i understand that attorneys and all that cost money. and i also understand it wont be possible with every deal. i have an appt with a real estate attorney on friday so that's my 1st goal that will be checked off, getting legal advice from my area on my market.

There wont be a 'legal document' showing what you are doing is legal, there is state real estate law, and most agents cry foul because they think you are 'earning a commission as an unlicensed individual' when in fact you are earning an 'assignment fee' or 'proceeds from the sale of a home' (assignment and double close, respectively).2.

This is a great lesson to that "investor" that contracts are more than just casual agreement, and that he needs to understand his responsibilities and live up to them (or suffer the consequences).

Just because your appraisal came in at $650 doesnt mean another wont bring it in higher, maybe even lower.

Maybe 50 or $75 in hopes people wont leave.

Looking for some suggestions ( I wont hold you to your opinions if you are not a tax professional ) but at least what has worked for others.

If the Kwickset is similar, you wont be able to rekey the cylinders as part of a {multi}-master key system.We have opted not to use a global master (across all properties) as it would mean a larger rekeying effort when you sold a property .... plus our in-house building management system is beginning to fulfill this role as we move to zigbee/zwave connected locks.  

There wont be a problem, is more with my broker as they don´t consider this higher amount to be legal, that´s why they recommend double closing.

Lots of folks at work live up in the more dramatically affected areas and suffered damage.I really dislike it when they use terms like "1000 year flood".