Hi everyone,My name is Mahmoud and I am new to Bakersfield. I am interested in purchasing a rental property, particularly either a single family home in the low 100s, or a duplex in the low 200s. But, I am not sure ab...

Hi BiggerPockets!  I'd like some advice.I have an inherited tenant in one of my units.  Let's call it Unit X, tenant 1 and 2.  Looking through their lease, it shows both tenants 1 and 2 on the lease.  However just rec...

This means the profit is taxed as ordinary income (not capital gain) and subject to self-employment tax.If, however, you're portfolio shows a history of rentals, you intended to get into this property as a rental but ultimately decided to sell for whatever reason, and this "flip" is not a regular occurrence, you may be able to avoid classifying it as a flip subject to ordinary income and SE tax.Definitely make sure to speak to your CPA to get specific advice on your personal situation.

It always surprises me that the same folks would avoid buying Class D MF properties but somehow cater to the same demographic when it comes to MH parks. 

Best bet: Network on local REIA meetups (warning: these are full of "gurus" with sales pitches... avoid them!)

Of course this is also a function of us avoiding a direct hit from a major hurricane...

However, I will take your suggesting and I will be then subcontract others and get the permits myself to avoid all this waiting game.

Right now, my preference would be to have as many occupied pads and as FEW "park-owned" homes as possible to avoid headaches associated with rental and maintenance, but that may change as I grow and expand.

To me this means having a primary residence in the under $1mil range (but doesn't necessarily have to be under $500k).I will still have school aged children and need access to great schools, ideally public to avoid the cost of privateI would still value the ability to access metropolitan environments, though I don't need to live in the urban core. 

Just be careful in Huntly to avoid anything built over the mines.I've bought homes in areas like Puke and surrounding suburbs you may find something cashflow neutral out there as well.Each to his own but I think small town investing is risky.