I think its a great way to learn, especially if you diversify across many assets so you are exposed to various facets of the process.

Originally posted by @Adam Garza:I'm assuming not much other than the fact that I may have a buyer lined up and could close quickly.You can’t really say you’ll “close quick” if your end buyer needs to obtain bank financing.  

Not sure where abouts in CA you would be investing, but many Californians turn to the Midwest being that CA real estate is un obtainable at this point.

I am looking for some creative ways to obtain the property where I can possibly cut some of the costs by doing it "under the table" opposed to working the deal the traditional route.

However, we have been debating how we should obtain our first rental property.

should i start an LLC and how can I obtain business credit?

Mobile homes are a depreciating asset, However at your purchase price it has depreciated the majority that it will assuming you continue to maintain it.

Eventually they will have all the stamps and approvals or whatever to find an asset management company which finds subcontractors to eventually sell the property.

Part of obtaining property insurance coverage for a home constitutes an inspection by the insurance company.

That business model works well for more static assets (private placements) but is not generally best for investments that are more time-sensitive in nature or involve a lot of transactions (rental real estate, tax liens, etc).There are a smaller number of firms that provide plans offering checkbook control.