Deal flow is one. 

Good afternoon allJust for general discussion.....and I know there is a lot of information not given....I was discussing with several colleagues at a recent investor meet up, on their thoughts on best practice/method to acquire another property management company in our geographic location.We were approached by another management company who's owner wanted to retire and presented us with an offer.Original discussions with the other management company(seller) had them wanting a one time payout, say $100,000.

(made that one up) Look for what doesn't fit code.

That there’s ONE foreclosure law in the U.S., not 514.

If you were direct to seller you'd have better luck but would take $$ and time to do so. 

So it seems strange to suggest otherwise.The issue with mobile home parks is that very few new ones can get permitted these days.

The last thing that comes to mind would be moving the funds to a rollover IRA and withdrawing them with help from your tax advisor or CPA to qualify for the first-time homebuyer exemption. 

There are a lot of other nuance, but thats the gist.I would recommend you find an agent that works with investors and can help you through these issues.In terms of meetups, my brokerage (Wayfinder Homes) hosts one every month in WS - Triad Real Estate Entrepreneurs Meetup.

For example, should I have one checking account that manages all expenses, such as down payments for properties and serving as the main source for rehab budgets?

How does one offer or inquire about a short sale?