I may not have discovered the holes in my strategy until it was too late if it hadn't been for these forums.

What I have come to discover is that many of the most successful investors buy/sell their first 2-5 mobile homes in parks or on land before committing their time and energy to become licensed.

Around here, that could be Umpqua, Golden1…others.3.E-lending institutions, such as Amerisave, Discover...4.Loan brokers – I don’t even know how to vet them, other than a few that I have met.

Many new investors are so desperate to get a deal, they forgot the most important component of investing, SAFETY & bid the property so high, more than the true value!

If the lender discovers that you are no longer living in it after just 1 month (and they can find out), they will most likely adjust your rate.

There was some venting we added and a dianostic run on some components that came out were working fine that she did ask for.She apparently had some issues soon after closing and CHOSE to replace it about a month later.

If that is all that is in the area then you just have to deal with the older buildings and price in risk.The other component is the 2 to 3 year wait period.

If you think that you can take a production enterprise and just start adding service components to it (or vice versa), you're in for a big surprise.

Well today I discovered that my goal is not to be a landlord my goal is to invest in real estate, and landlording is not investing.

I dont think so.And home loan credit is not going to loosen up for home mortgages, which affects appreciation.That is why I like lease option assignments to be a strong component in my REI business, along with wholesaling and rehabs.