Here's a link to a new study on Chinese Drywall I thought worth sharing:Drywall Information Center

While you are doing that study marketing, contracts, negotiation, appraisal (which you'll get good at during the rehab and flip phase).

And if you think you are above making a mistake because you've studied a lot and you've run all the numbers and etc, etc, etc. - don't you think that I did all of that too?

School texts that are being replaced are pretty cheap.My library is packed in boxes, I've been meaning to blow the dust off a few books, when I get them out I'll post titles.I really advise those in RE to do some studying, law touches on every aspect of RE and you should be aware if you are dealing in RE

Or you can have someone pull up blaring heavy metal music out loud and say is the property next door up for rent?

In my experience, any back-and-forth with the bank/fannie mae is more off-set by the discount I was able to achieve in the price of the property.That said, I'd recommend that you do a good study of your rental market there in Harrogate.

I read articles on the internet; studied several books; and even read some FBI reports on the "stopping power" of handguns.

Before I would look any further I would have a feasibility study done by a MAI. http://www.appraisalinstitute.org/That study might cost $10,000 or more... but you will at least know if a MHP is the highest and best use for the land.

From my early (EARLY--I am a NEWB) studies in the real estate game it seems that the main thing is you need to get that first rental property going (whatever it takes for your life situation) so you can later convince lenders of various types to finance other small multifamilies. 

Study hard and learn as much as you can about Real Estate Investing.