Sounds like you have a solid plan to launch your REI career in wholesaling.If you haven't already plugged into the BP podcast, I can't recommend it highly enough.

Something clicked and made me remember this site and I decided to join.My background: I’ve been in sales most of my working career and abt 3 years ago I started doing mortgages at a major company and loved it.

I am very unhappy with that PM company (slow/unorganized/extremely bad communication) so I am looking to move to another PM company.

I apologize in advance for being so new but is buying an inexpensive mobile home in a mobile home park, rehabbing and renting a good or bad method.

I have had good and bad tenants. 

The 30 year fixed is not a bad idea, still have to come up with the rehab money then and of course the 20% down, etc, which wouldn't be a huge problem but again trying to stay away from outlaying cash.

By the time yup decide to split you may already be in a bad position.

@Cory Mosby That damn podcast did the short term forum way more bad than good.

@Dan Heuschele I think you are over selling how bad Logan Heights is.

Address: 8177 Garfield Ave Hunington Beach, CA 92646IF i were to buy this for 2,300,000Cap rate: 4.56Bed/ Bath: 1/1 x 8 UnitsRent: 2000 x 8 Expenses: Property Management Fees - 1000Repairs/ Maintenance - 319.14Real Estate Taxes - 2875Rental Property Insurance - 766.67Vacancy Costs - 1333.33Capital Expenditures - 960 Total monthly expenses: 7254.44Financing: Down Payment: 20% - 460000Loan Amount: 1,840000 @ 5% interest rateClosing costs: 69,000PI/Mortgage: 9877.52Cash invested: 529000Total Monthly Cashflow: -1311 = 16,000-7254-9877.52ROI: -2.57%The point of this excersise is for me to recognize bad deals.