The LTV is just one component and you have to look at interest rate (fixed or floating, term to loan being called, amort. schedule, any recourse or personal guarantee, any cross collateral requested, any pre-pay penalty, can the loan be assumed to qualified purchase down the road, upfront costs to close the loan, qualifying standards for this type of loan, etc.)Amy the owners you are talking too sound non-motivated.

Reminds me of how I started with a $10k Discover card and a $10k loan from y 401k..

Since writing this post I have discovered that, your method would work perfectly for me as my parents invest already.

If you have a central system that is an integral component of the structure, then the system is depreciated on a 27.5 year schedule, just as you would depreciate any new structural component of the dwelling structure (e.g., a new roof).

I'm no longer listening to that voice.This is partially due to discovering that a friend of mine, after investing in mobile homes on the side for a few years while he worked his regular 9-5 was able to "take a package" and go full time with investing rather that submit to the whims of the big corporate brother.

Another factor is that most of us have one plan in mind but discover other areas we want to try and exploit.

They have been a key component of me wrapping my head around this thing and getting a plan in order.

EXCEPT, I just now discovered that Texas is not very lease option friendly.I was wondering if anyone here has figured out a way to navigate the cooperative lease option process in Texas, or some other way of achieving a similar end result.

I'm slowly discovering that finding good deals might be hard to do.

After initially settling on a price with the seller, during our due diligence period, we negotiated further reductions to offset the cost of estimates for repair and maintenance punch list items that were discovered during the home inspection.