The first step is finding a seller that will allow you to purchase their unwanted home and create a significant profit.With regards to your question about partnering with a park manager or owner there is little chance of this until you prove yourself in the park, if ever.Hope this helps.Best,John Fedro

I studied this process intensely before i decided to step out on my own, Not to mention I have you all who help me out tremendously!!

If you are able to step back a bit a see the evergreen aspects of how properties at purchased are initially useful then a burden by owners as they advance in years, you may pick up on the big picture opportunity and not be part if the crowd of buyers clawing their way to find a deal today when the markets so hot.

Please can any one share their experience and adivce me the right steps to take.We will be meeting with the lawyers to discuss the matter, but would like to get educated before and have our questions ready..Thanks in Advance.

Most stuff you'll read either needs more detail, is completely wrong or doesn't pertain to your area (even from the great J Scott).But, you've taken the most important step, ACTION!

And check out, if you haven't yet, How to Buy a Small MultiFamily Property: A Step by Step Case Study

REI is something I have always been interested in and I'm happy to be taking the first steps towards financial FREEDOM!!!

What would be the appropriate steps for me to protect myself in this situation?

Thanks for info Bill, I understand the paperwork and agreement side of things makes things complicated but if a few extra steps can net me 10-15% on our money then i would call that worth it.I have meetings with 2 more CPAs and 1 more lawyer next week.How does everyone else have their flipping income funneled?

Though that is still "me" buying the shares, seems like the 1 small step removed might make the deal more legit to the IRS.Thoughts?