I wanted to get some recommendations or advice as to how I could potentially partner with a developer that may specialized in rural development.

The geo report classifies it as “potentially active” and minor.

You could potentially put 4 of the 5 into a portfolio, but the one you are estimating to be worth $39k would be left out.

This is a long term investment for me, so I am not concerned with short term, potential market fluctuations as all RE goes up over time.

PS - I know the Detroit market has potential - I sure would like to figure it out.

Hey Christopher, I'd say kipping thorough research on the property, local market and potential tenants.

There are several factors to consider when deciding whether to replace the old mobile home with a newer one or renovate the existing one.If you choose to replace the old home with a newer one, some "gotchas" to be aware of include the cost of purchasing a new used mobile home, transportation and installation costs, permits required for the new home, as well as potential landscaping and foundation work needed to accommodate the new home.

Or where the funds to purchase come from (except that they need to use all of their 1031 proceeds in the purchase).The only time there will be a potential issue is if the daughter goes on the deed. 

Be aware of hidden damages in foreclosed properties, factor in potential vacancy rates, and consider property management for a larger portfolio to streamline operations.

You would get, potentially, the left overs.3.