A 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate).

For example, I live in Pennsylvania and a residential property is 4 units or less.

When the debts are gone, the income will remain....and as you gain income your ability to acquire more income increases.

I am looking at MFR (duplexes and triplexes) and SFR to first and foremost fix and flip, then build my portfolio with buy and holds, and as I build my experience to wholesale as well.    

However, upon sale of the home they would be hit with recapture and a capital gain which means the tax man hits hard.

I am looking for more houses in the 19th Ward.The areas you put give you a big range of prices, and a variety of potential customers.

REIA's are great for entertainment and exposure to those selling dreams and stuff - but they will not move you forward fast enough.You give me the impression of being impatient and want to reach your financial goal - maybe before you even have them.I too know many of those 7 figure income people and own a unit in Manhattan and other states.Those 7 figure income people got where they are by making right decisions - they have the ability to see right through a novice and a bad or unprofitable deals and have the ability to dismiss an individual without mercy!

Pre Fab and Modular are a much higher quality product and a entirely different animal.

There was the gal who had a dozen or so doors in Cali and a dozen or so out of state.

@Bridget McDonald  yes there are a lot of 55+ Communities in Clearwater and a good majority of the residents are snow birds.