This can be fairly straightforward, depending on your agreement and if a partnership return was ever filed, you'll want to report half or your portion of the basis in the property as well as half the sale price minus expenses.

Now I'm more concerned about making a living and building cash and you can only do that through flipping, not rentals. 

Mobile homes can either be on their own lot (freehold) like most single family homes or they can be in a mobile home park (you rent the land). 

Good luck on your investment journey, and feel free to reach out if there's anything I can do to help!

Until builders can catch up and create millions of homes, I think we will continue to see huge increases in sales prices, however, the lack of sellers means numbers in terms of how many houses sold will continue to go down driving prices up even higher

I found a local broker that can do a 80-85% LTV for 1500 in origination fees which is much lower than current mortgage servicers price of 7500.

I'm currently spending time learning as much as I can from various resources including books here on BP, accumulating capital and structuring my strategy. 

I can close commercial mixed-use deals.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

If you don't have the vision to have MANY airbnbs in Champaign I'd suggest figuring out a strategy you have a long term big vision.Pros:  High cash flow (if done right), typically properties are oddly better-taken care of, sexyCons:  Management/system intensive, always on call, regulation can change things instantly