@Jim FroehlichThe "free" Solo 401k plans offered by brokerage firms will not allow you to invest in alternative investments such as real estate, notes, etc.

Hey guys been a wholesaler for abt 3 years and worked at a realty firm for the same time in the course for my re license in ny.

Are you saying they market deals that belong to another legitimate firm or they market the deal for the legitimate firm?

I have gone back and listed to that section a few times, but I still don't have a fine enough grasp on the content to "own it" when speaking to a seller.Does anyone here have a firm enough grasp to break down and explain to the group the line items he mentioned, ordinary vs capital gains calculations, and so on?

Here are some:Books: Mobile Home Park 10/20 Investment System by Dave Reynolds, Frank Rolfe Mobile Home Wealth Part 2: How to Become Even Wealthier investing in Mobile Home Parks by Zalman Velvet, Stuart Silver The New Investor's Guide to Owning A Mobile Home Park by Laura Cochran, Erin Cochran The 21 Biggest Mistakes Investors Make When Purchasing Their First Park and How To Avoid Them by Charles DeHart and Kevin Bupp (available for free from www.mobilehomeparkacademy.com)Podcasts: The Mobile Home Park Investing Podcast with Kevin Bupp and Charles DeHart Mobile Home Park Investors with Jefferson Lilly & Brad Johnson Mobile Home Park Mastery with Frank Rolfe Websites/Blogs: Park Street Partners - http://parkstreetpartners.com - This is the investment firm run by Jefferson Lilly and Brad Johnson.

It gives me a more firm answer or re-verification on the rehab costs. 

Keep firm and sift through the trash to find a gem.Lastly, deals are created, not found.  

You can look at city council agendas to see what firms are being hired repeatedly And have good relationships with the city.

Where property management companies make their money is in the additional fees that are outside of the management agreement... such as leasing, project management, asset management, etc.Despite this example, I've worked for 2 real estate investment firms that have brought the property management operations in house rather than outsource the task.

I quit my corporate job 9 months ago to start my own investment firm focusing on mobile home parks. 3 deals and 54 lots later, my firm has $945,000 of asset under control and rapidly expanding.