Dominic - I agree with the previous posters about checking your local law to verify that your able to do a MLO.

They were the very first app so I didn't charge just because I already knew the answer based on the dogs, but I still wanted to go through the process for practice.The next applicant had golden 5 year rental history, although only 6 months (verified) at current employer.

I have great property with seller finiancing, the zoning works, and the market is there - but I haven't been able to but the initial cash together for building the first house.As far as manufactured homes - I don't think there is any comparison and the market is completely different.

When doing my analysis of a property, rental income is easily verifiable as well as property taxes, the cost of insurance, etc.

Two other properties I'd initially considered in the area are paying double the amount of this one.

Buy/rehab/lease properties at 25-35% gross returns, season for 90 days, re-appraise, seek 75% private financing, which should typically recover all of your initial investment.

My initial plan was to use the extra $6,600/year to pay down the 4.62% mortgage on my 1st property.

We use Docusign and have gone nearly paperless. www.docusign.com This also eliminates missing initials or sending the document around to a series of people.

Just what I have noticed as little hardware pieces and tools and extra labor and other crapola tend to bring costs up about 20 to 30 percent of my initial estimates on just about every project I do.

While I have nothing to hide, I simply don't like having a photo of myself on forums or anywhere for that matter.This is just a personal preference of mine and is something that I hope the content of my posts would offset, but I also understand that some like to see who they are talking to or reading about.At the end of the day, I'd post a real photo if required to do so, but it's a rule that can't be verified since a poster can simply post a photo of Joe Blow they find on the net so why not leave people to decide for themselves?