I currently own 4, 1-2 family rentals and 1 small 2-unit office building; with the addition of this one large asset I could reach my annual cash flow goals as noted.

I currently own 4, 1-2 family rentals and 1 small 2-unit office building; with the addition of this one large asset I could reach my annual cash flow goals as noted.

That way those LLCs were not captured entities, notes closed in thier name, and active entities standing alone.

It also shows how much has changed, REO sales, short sales, notes and financing and foreclosures, one thing about RE, next week won't be like last week!

If they have the month's rent and want to move in a few days early, and the property is vacant, I would start the lease a few days early and note that the days from the lease start to the end of the month were free.

Perhaps BP could do a STICKY on hiring a PM and all the ins and outs for all of us newbies!

Returns can definitely be higher, similar to notes on MH's.Keep in mind some parks only allow owner occupants and others may have space rent too high for it to make sense, so you have to find the right parks and the right deals.

On another note, if it's been on the market for a few weeks, and all your applicants were questionable at best, are you asking too high.

I have a few family members that I am sure I can get to carry a note for me.

You should be able to refi it for 560k and pay off your existing note plus leave yourself with 360k to play with.Not sure what the best options in Texas are so I can't really help you there.