This property could be a great first step in building your investment portfolio! 

How is material participation defined?

This is a C class, my minimum requirement is 600.

One contractor claims he can finish the job in a day with three workers, while others estimate it will take a week.I'm not sure how to proceed with this situation.

The debt on real estate right now is more valuable than the real estate.

This creates a risk-free profit center for them, but no one here is a fan of the upfront fees.On the positive side, I believe their website is one of the best I’ve seen for a lender.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

But I also have questions to see if anyone thinks this is a solid deal and what they expect to see as appreciation with these manufactured homes on land not in a park.

It's good you made this step.

This week in my rat race commute I started listening to audio books about investing.