I have built the majority of my small portfolio by house hacking for the last five years, and one result of that is that I am now spooked by anything other than the low interest, 30-year fixed rate terms I've grown accustomed to.

I just have cold feet because I am a brand new to the real estate game.

@Brian OrrFind A local -hardened landlord in your area who has been in the game a long time and offer to take him to dinner .

This section prescribes rules for tracing debt proceeds to specific expenditures.Treas Reg §1.163-8T(a)(4)Treatment of interest expense(i)General ruleExcept as otherwise provided in paragraph (m) of this section (relating to limitations on interest expense other than the passive loss and nonbusiness interest limitations), interest expense allocated under the rules of this section is treated in the following manner:(A) Interest expense allocated to a trade or business expenditure (as defined in paragraph (b)(7) of this section) is taken into account under section 163(h)(2)(A);(B) Interest expense allocated to a passive activity expenditure (as defined in paragraph (b)(4) of this section) or a former passive activity expenditure (as defined in paragraph (b)(2) of this section) is taken into account for purposes of section 469 in determining the income or loss from the activity to which such expenditure relates;(C) Interest expense allocated to an investment expenditure (as defined in paragraph (b)(3) of this section) is treated for purposes of section 163(d) as investment interest;(D) Interest expense allocated to a personal expenditure (as defined in paragraph (b)(5) of this section) is treated for purposes of section 163(h) as personal interest; and(E) Interest expense allocated to a portfolio expenditure (as defined in paragraph (b)(6) of this section) is treated for purposes of section 469(e)(2)(B)(ii) as interest expense described in section 469(e)(1)(A)(i)(III).Treas Reg §1.163-8T(c)(4)Allocation of debt; proceeds deposited in borrower's account(i)Treatment of depositFor purposes of this section, a deposit of debt proceeds in an account is treated as an investment expenditure, and amounts held in an account (whether or not interest bearing) are treated as property held for investment.

There are two mobile home parks in a portfolio that I have been offered to invest in.

Focus on those types of income streams and I think you'll be ahead of the game.

Specifically, what R.E. investing vehicles (SF/MF/Wholesaling, etc.) best suites what I want for my futuristic R.E. portfolio & goals. 2) Searching for R.E. beginners and seasoned investors to share their experiences and knowledge within the field (and from application).

It is likely not the best investment property or deal I could have found, but it was a middle-ground for us and will allow me to begin adding to my real estate portfolio.

Your fee would be 3% of the purchase price ($4,500) and a 3% "bonus" for the equity game ($3,000) for a total of $6,500. 

banker here, never underestimate the value of a W2 for lending. really is night and day unfortunately.There are other options for funding, such as asset based lending, private money, or in-house (portfolio) loans, but none are anywhere near as easy as the famous fannie mae 30yr fixed unfortunately I think you're going to find real estate MUCH more stressful than a day job.