The reason Bob did not buy the property outright from Mike is because the end goal is to fix and sell, so it seemed silly to pay excise tax twice, also there was a lien on the home and Bob did not want to fool with financing to acquire the property to just turn around and sell.  

We’ve recently committed to building our real estate portfolio with the goal of building our passive income.

Hello All, it has become abundantly clear to me that if I am to achieve my goals with regards to mobile home park acquisitions I am going to have to buy parks that are outside a 2 hour+ drive radius.

I don’t know actually what my goals in real estate are but at the moment I’m looking to get some fix and flip properties, any advice would be great.

The BRRRR method seems to fit most in line with our goals.  

I think you will acquire property faster by spending more and leveraging. 

My husband & I are pursuing this goal together but we both have full time jobs so we are not looking to be a landlords.

It would be a little harder now as the sales prices locally are climbing faster than rent; I've only been able to get one house this year that can make any money.

What is your end goal?

What will work best for you will depend on your situation and goals.