@Zeke Nickie So far the only two times I’ve crashed and burned in real estate has been when I’ve been involved with a partner so just be super careful if this is the path you choose to pursue.

Deductions are depending on the percentage of the property that is rented out.

(You still must of course keep the unit habitable,  and that could still be quite costly depending on the shape of the building)And when it does come to raising rent,    if possible do it in a few steps so it gives them more time to adjust.   

Yes each has their strengths and weaknesses, but that doesn't mean you can just pick and choose and expect it to be OK.The strength and weaknesses of each of these strategies absolutely are not proportional.The weaknesses of these bad strategies are ABSOLUTELY HORRIBLE, on a completely different level.

These must comply with HUD or state laws depending on where they are manufactured.

Depending on your credit score and a few other factors, you won't need a ton of cash if it's your primary.

It doesn't matter how hard you work finding people that are motivated, if you don't have any credibility to show, they won't choose you to sell their house to.So this is what you do:Here is a simplified list of what I would do.1) Education.Figure out how it all works.

It all depends on the market.

Depends on whatever the partners agree to.

Another benefit depending on the seller's tax situation is that they can spread their cap gains and depreciation recapture tax hits out over several years rather than paying it on the lump sum in a typical sale.