On the BP podcast, they talked about using FNMA or mortgage backed security loans to buy mobile home parks at better rates and with more favorable terms than commercial loans.

On the BP podcast, they talked about using FNMA or mortgage backed security loans to buy mobile home parks at better rates and with more favorable terms than commercial loans.

Check city laws, but submetering water is normally okay by terms of the city, as long as its public water and not a private system. 

Robert, the owner of the company does not appear to be "disqualified" according to the IRS defenition (https://www.irs.gov/publications/p560#en_US_2016_p...) however because he is related to you the transaction may create conflict of interest, which is prohibited.

@John Barkow Are you sure they're not talking about co-mingling security deposits? 

@David Krulac  there ya go completely different than most states.. out here CA you buy the property at tax sale you get a deed in a few weeks or a month or so from the tax collector you record it.. its yours.. now there is a 1 year statue in CA for the owner to come back and say something was wrong with the sale.. but it is not a redemption they have to prove the county messed up the sale in some way.. the easiest way is to prove the county did not advertise the specified days.. we lost one that way.. but that was one in over a thousand my dad bought over the years.In Oregon for Sure the county commissioners actually have the power to reverse the sale.. but that's just getting it back from the state.. next time I see you I will tell you about one case that is fascinating here. but I don't want to describe it in a public forum and give the bad guys ammo if you know what I mean.

Also, with a C-corp you have the ability to raise capital more easily through sale of stock to shareholders (including public).

On public records, he owes $7k in back taxes, not having paid since 2015.How do I go about this?

Do you believe that a young, baby faced RE investor will be able to secure funding from a bank, or should I focus on more creative ways of financing RE deals?

I was thinking about putting in the following:Personal financial statementPrior rent rolls on the property for 3 yearsSome type of public report on the value of the complex (zillow or other) ... not sure on this oneA profitability statement ... thinking about using the one on this site from https://www.biggerpockets.com/real-estate-investme...