I also see other issue if you were only doing your deals and may question the independence, dual control and self dealing issues if you are selling and doing the origination, processing and servicing.

I'm quite confident I can receive more considering the inquiries I received so far.Also, I'll start looking into a lawyer right away.

For the most part I'm venting here, but I'd love to know how many of you who are years into this and running a successful REI business for your selves, A) at the beginning felt like throwing your hands into the air, and B) what you did to keep your self from getting broken down by the difficulties starting out.To give a little context here...I have been feeling really great about the progress I've made of the last 6 months.

I would also look into taking a self defense.

If you're confident enough with asset segregation in the LLC and not concerned about personal liability, then, just go without.Make tenants carry renter's insurance and reimburse them.Anyway, not that I'm recommending it, but for scenarios where a property is worth 50k in a isolated LLC, I don't see the upside to paying 1k in insurance.

MH is easily identifiable from the outside which is not always true with substandard apartments, so it attracts negative comments from those who lack confidence in themselves.We can also share blame between the wholesale buyers and manufacturers because these homes were not always and not always now, built very well.

So, if you self manage, you can reduce that 50% to 36%.

You may also need to install remedial beams across the piers to support the floor slab that was designed to be supported on grade but will now be suspended in the air as the soil settles under self weight but the building does not.

Confidence is large part, i'm still learning this stuff as well, but don't psych yourself out because of fear...paralysis can kill you.

That puts your profit at somewhere in the $17-27K range, which is likely more than 20% of resale value...which is where I like to be.You could probably even pay a little bit more if you're confident in your rehab and ARV numbers.Good luck!