Each house needed some improvements, so I offered zero down as my cash would be improving the units and his security of the promissory note/mortgage.He accepted as this is the 1st time in 7 years that he's actually putting money in his pocket each month.BTW, I resold each individual property on terms using a wrap around mortgage (which the seller is aware of and approved) at 7% interest to other landlords.

And that's why there asking it, there is actually too much info out there.

This works pretty well though as long as you actually have a good deal locked up.

You’d be shocked by how little actual screening many PMC’s do!

@Patrick JamesHey Patrick, thanks for the recommendation, actually I do not have a PM setup yet.

I’m actually considering this. 

The TH is actually 10 yrs newer.1. 

Lets face it, you would need to have an established history of actually making money before you could get a credit revolver like that from a bank. 

You can get into two more deals comfortably and as you look for these deals you may find one that BRRRRs nice and actually pays 500/month in cashflow. 

I am actually looking to sell my current manufactured home as a subject 2.