I made the mistake of talking to the guys wife who owns the park about buying it.

REI is great IF:You are obsessed with new opportunities to make moneyYou're comfortable with taking big risksYou're very detail-oriented when it comes to budgetingYou've got experience in the industry (buying, selling) or you're willing to make a lot of mistakes learning itYou're willing to work a LOT to ensure that things get done correctly.Pitfalls:It can be hard to break into.

Several years ago I purchased a five unit apartment building and made every newbie mistake in the book and ended up taking a bath on the property.

This is my mistake, pure and simple.  

I am not just waiting around, but an experienced mind can potentially eliminate some mistakes and guide me into the best scenarios.

Last year on July 31st I made the biggest mistake throughout my time as a landlord.

I do believe that today's leaders have realized the mistakes and are trying to make an effort to correct, but as a whole we are still not where we need to be.Now, in regards to Detroit's rebound there are of course a number of factors contributing, but it really boils down to a couple of  significant ones IMO:1.

I am here to be engaged and to be a sponge so that when my husband and I jump out there, we would have developed a great support team cheering, coaching, and supporting us on our successes and on our mistakes.

For some numbers:Purchase price $5,000 (seller paid for the transfer)I sold for $9,900Buyer put $5,500 down and paid for transfer (I paid $80 for a duplicate title because I made the mistake to have it snail mailed)Buyer has a lien on the title.Buyer has payments of $137 a month at 10%BUT the buyer did not want that payment although she could afford it by the math.  

the biggest mistake I see on pro formas from wholesalers on new construction is the cost to build.