We commonly call this a partial exchange.  

I kind of feel it's a nice way to get my feet wet and like the low maintenance aspect.

I don't know what kind of property you have in mind but you will be fairly limited on LTV and rates that isn't going to vary much from what you could get on Alternative Funding. 3) I would highly suggest you prepare for a purchase using whatever financing method, but then offering a NNN/option with the same amount being offered as a down payment.

Modular construction is more common in rural regions. 

Ben Einspahr yes very common.

This type of foreclosure does not involve court action but requires notice commonly called a sale under the power of sale.

I feel this is the only way I can get in the game and become an asset holder.I still don't know what kind of property I want to focus on.  

That is kind of the route I have been trying to go.

What kind of advice are you looking for?

What kind of return do you think would make sense for you for flipping?