It's not really that complicated to buy out of state.

Is this too complicated of a strategy to make a niche?

Calculate the Depreciation Recapture AmountThe depreciation recapture amount is 0.28 x $220,000, which is your tax bracket, expressed as a percentage, multiplied by the recapture gain.The depreciation recapture amount will be $61,600.As you can see from the above example, it’s quite complicated, but you were able to figure out the depreciation recapture amount.

I usually just tell people I am a retired Pakistani chicken farmer because everything above is much too complicated to explain.

Sometimes you'll have a sponsor who gets an ownership percentage just for using their wealth to sign the loan.it's a complicated process, sounds like you haven't done much research on it.

Also the risk should be my responsibility as well.3)  It just makes things more complicated for the partner. 

We believe that either of these actions would materially increase the risk of unnecessary loss or otherwise avoidable problems for the vast majority of our investors who have not requested to redeem and intend to stay invested for the long term.We recognize that the current coronavirus pandemic is evolving every day and therefore the situation may change rapidly.

I recommend starting locally and if you intend to owner finance and would eventually like to cash out of that, you can offer up those notes for sale too to recoup capital.As far as meeting contractors, it is often trial and error until you find the right subs for each trade (assuming you act as GC and sub it all out individually) which you should on mobile homes as they are not that complicated.

Another twist is that one of these properties is commercial, so that may complicate how a traditional lender writes up the note.

Mortgage appraisals in most all cases do not even bother to develop the Cost and Income Approaches at the start as they are dismissed as unnecessary and usually meaningless by most all appraisers and appraisal clients when market value of a single family residence is the subject property.