Additionally, putting 20% down will give you the best interest rates which combined with not having to carry PMI can save you thousands of dollars annually.

Please comment if the below scenario looks like a good combination.

I was just wondering what some of the problems that new investors (or experienced investors) run into throughout their unique investing process.

Purchase, within a 3-year period, two or more single-family dwellings, two-family dwellings, three-family dwellings, or four-family dwellings, or a combination thereof, that are subject to a loan that is in default at the time of purchase or within 1 year after the time of purchase, which loan is secured by a mortgage or deed of trust;(b)?

What makes me unique is that I listen to you and your interests in looking for a property.Contact me through my Bigger Pockets profile and I will be happy to help you out, partner, or just exchange thoughts on real estate investing and different ways to structure deals.

Each MH is of course an entity to itself and each will be unique.

The first withdrew, the second negotiated a price adjustment, but could not obtain property insurance, mainly because the required insurance inspection form was marked "improper grounding" due to the un grounded outlets that showed a ground position, but not connected to ground.This inspection form, somewhat unique to Florida, is required on any house over something like 30 years old to get insurance.   

A strong relationship with the prospect combined with a high level of trust and comprehension leads to much higher success rates.

From what I have seen, $350 will get me a downpayment on a nice quad as an example (cash flow + principle paydown of course) or leverage 1-3 houses and carry a mortgage etc.Paying off my mortgage will give me about (net/pretax) $50k in total cash flow combined with my other properties a year (is this enough to get the snowball rolling?).

The unique part of this property is that it has a detached garage with a separate living area that used to be a daycare that I could easily turn into a 2/1 rental for under $1,000 renovation.