I am looking around for an accountant in the Portland/Vancouver area who has RE clients and can speak into how Private Money lending will be taxed.  

They do check occupancy cross reference with utility records, drivers license info, insurance to name a few.

With military pay it's different, you can claim that with what ever state you have your residence in (state you have your driver's license).

They'll be able to provide options for private flood insurance. 

Is it smart to use a lock box and allow the potential renter to view the property unattended as long as you get a copy of their drivers license?

Keep on driving past the park and don't look back.....because of the cost of private utilities, your better off buying a 13 unit apartment building, 13 single family homes, or something else.MHP's this small will not hardly make any money. 

@Steven Cruz, unless you're getting the properties via private money or seller financing then yes it's likely you'll need 20% down or even 25% in some situations.

So I have my first Partner or private lender, depending on how we want to struture it, lined up and ready to go! 

We have a flip property that we close on this Friday.ARV (by Subject To Repair Appraisal) = $440KPurchase Price = $230KRepair Estimate = $100K We have secured private money to take the property down @ 10% and no points, but this is the first time that we have used this investor and when we met him and his wife for lunch today, he asked if we would be supplying the cash for the repairs.  

As a realtor I normally advise seller not accepting private lender or no name mortgage letters.