Higher rents seem to be directly correlated with the nicer school districts, both in Dayton and Cincinnati, and you can find reasonably priced Real Estate in any of the towns as long as you aren't buying at retail price.

What are the ramifications should you own the note, aren't able to modify it/get it performing again, can't get the deed in lieu, only left with starting the foreclosure process, and during the process the occupant declares bankruptcy?

The mobiles aren't worth much, and we don't want to tap much into any other funds.  

Once folks in the area know that you are interested in buying, you will likely find that deals come to you that aren't on MLS.  

What are the ramifications should you own the note, aren't able to modify it/get it performing again, can't get the deed in lieu, only left with starting the foreclosure process, and during the process the occupant declares bankruptcy?

Hi John,Many of the turnkey properties that I've seen aren't deals.

I suggest tons of insurance and good property management, if you aren't negligent you don't have an issue. :) 

In NM there aren't any laws for the length of time but in FL a lease can only be 1 year or less.

Some people don't get written approval - I do)- you can be as creative as you want with the terms The cons are: - you don't own the property so it can make it a little more complicated to sell - sellers who aren't familiar with it might shy away

This cost will increase with the quantity and price range of deals you broker)MLS Access: $720Dues (Local, State, & National): $700State Filling Fee: $25 (When your a broker you will need to create some sort of business entity as well.