.- There are lots of ways to kill mold, but I like the permanent way -- get rid of any sheetrock and insulation that has it, and use an anti-microbial on all other wood or ductwork.

Luckily, we've sold before the houses were finished.For customers - they get the same type of construction loan, then move that loan into a permanent loan, usually with the same lender.

At the conclusion of this phase, WE issue a Firm Commitment to finance the project, and the interest rate for both the construction and permanent mortgages may be locked.

Then I transfer "permanent" items into the new one; tax and insurance papers, paid bills for "capital" improvements etc.

Ya I couldn't agree more....Here's my list of reason for doing REI:1) You can never get fired so you have permanent job security2) You can work from home which has it's own huge set of advantages3) You can set your own schedule, wake up when you want and work as many or few hours as you want.4) You set your own pay5) You're often earning as much or more than high power doctors and lawyers.6) Once you have as little as 1 apartment building you likely have enough income to never have to work again if you don't want to.7) As you continue to acquire rental properties your month cash flow rapidly goes up into the five figure range and eventually even six figures.8) You can do a deal from almost anywhere in the world.

.- Land purchase, construction costs and permanent financing rolled into one loan.

I'm not sure how it works in New Mexico, but if the home is on land that is owned by the same person who owns the mobile home, and if the home is on a permanent foundation, it may be that the property is real estate instead of classified as a mobile vehicle.

Glad to see that your fall off of the cliff has not permanently damaged you!

However, the CRT is permanent, so it is usually not an appropriate strategy for most investors, especially younger investors.

Once I decide to purchase my 'first' property and assuming I will be in that location permanently, do you suggest that I begin with a single family rental rather than a fourplex, triplex, or duplex?