Some stick to regoions.My note investors purchasing guidelines required the transaction to be commercial and the note secured by commercial property. 95% of the note investors I know of will NOT do residential simultaneous closings because of respa concerns and rightfully so (min of 3 mo seasoning.)

This is in TX btw.http://www.lonestarlandlaw.com/Asset-Protect.htmlI'm making preparations to get kicked off doing mobile homes.

A wholesaler could actually NEVER have a loss, so this shouldn't be a concern at all.

I have been considering getting into real estate investments for some time now as I live in Houston and the population has exploded in recent years.

I will have a bit of extra cash later this year which I would like ...

Josh I would look up John Fedro on here as he does the mobile home investing.

I would however, first get your PM concerns settled.

My only concern with subject to is that, from what I understand, you typically end up paying more money for those than a typical foreclosure so your cash flow is a lot tighther.

I have been reading up on this as a possibility for one of my sons that is interested in REI as a way that he can finance his property and end up with the other 1-3 units providing income.My other concern on this is that I understand these loans are for "owner-occupied" only?

I wouldn't be the least bit concerned if my property didn't have a land line.

The listing agent may or may not have information concerning the former owners"After reading on BP another forum with someone with the same situation, I decided to knock in the door with a gift card (BP advice ) .