The reason he gave for advising me as such was that he thought it was best to be as honest and forthcoming as possible with the sellers.

My guess is Fargo, ND will have similar extensions this year.As it comes to self-directed IRAs and investing in real estate or other businesses-it is extremely risky via the IRS rules.

Vinayak,I have been talking with a broker who seems very honest and been in the mobile home business for 20 years+.

I would recommend extreme caution about getting anything started that you could not have finalized before leaving.

Do you honestly think it was about Hope and Change?

As an extreme example, Belize is often touted as a paradise for real estate investors - and no one mentions it's murder rate is 600% higher than the United States.

And honestly i know a new furnace and hot water heater were installed approx. 5 years ago. the roof is in fair condition and im not sure about the foundation.

What it has done, is created a hardship for honest investors like ourselves.I don't invest in New Mexico so don't know the laws and rules there, but I would ventire to guess you can do them, you just need to make sure you follow the proper protocol.Perhaps some NM investors can chime in.

If you're like me, I like to stay honest, I actually hate lying I can't keep it up so I just go out and pick the hottest deals that really exist and send buyers there, 95% chance they will not make an offer but you have the buyer now in your database and they feel that you are tried and true, you came through, you weren't just a sales pitch.

What I found extremely helpful was having a mentor (also my RE agent) who is in the RE investing business to give advice, examples, and guidance along the way.