Bill Im liking what you are saying so far..and their ability to control my sales is what concerns me.

That brings me to another concern, though, if I don't roll that money into another house, I will take an unwanted, possibley unecessary, tax hit....

I thought college towns would be good since students need affordable housing, however I want to ask your experience with college towns.My concern: property will be in the summer, since most kids would want to go home and not pay for the months they are absent.Thanks!

That leads me to ask, if you were buying just for cash flow and you weren't concerned with future appreciation, does your purchase price compared to other sold comps matter so much?

I bought a 3br/3 bath house 2200sq ft in Altamonte Springs FL this Nov. purchased for 105k using hard money, put about 25k into it and got it under contract in Jan for 173k- all was well, passed inspection with no notable concerns, headed toward a late Feb closing.

I am looking at a mobile home park.

But, if you're really concerned, you can always add a stipulation to the P&S Contract that says something like:"All parties acknowledge that the Buyer is an investor and intends to profit from the purchase and resale of this property."

Basically I want to wholesale first, lease option on mobile homes and then move up to rehabbing and building capital and then slowly buying rental properties.

Anyways, they got the wheels turning on investing in mobile homes.

Concerns would of course be the distance (we live in southern CA), nature of the HOA or management, and the present state of the tourist and real estate markets in Maui.We also own a condo where we live, so far things have been okay.