To give you some background on it, I own a vacant piece of land that I want to place 2 to 3 mobile homes on and rent out (about 1.4 acres).

@Christopher ReynoldsWe require 3x rent and all the applicants to pass background and credit checks.

In reality, in areas of historical high demand, that demand continues for many reasons (healthy local economy with a broad based job market, natural beauty, good schools, medical care, etc.) with demand comes higher prices.

It's a beautiful thing because you can leverage at a usually low rate from a heloc or a cash out refi...your payments also usually don't go considerably up unless you are taking out a considerable amount.

For example: Available cash, credit, skillsets (construction background, finance, etc), time available.Once you determine a course of action, there is ample help right here at BP.

He was a drug dealer.Builder didn't care as the bank took it & he pocketed the case.Check his references, credit, & background.

Three more warm leads that requested an LOI, all are beautiful properties.

This is some background on my project.

As for my background: I lived in the Bay Area for the past 14 years, mostly in San Francisco, though now I'm in the East Bay.

I plan on using conventional financing and private money for my first couple of deals and I will be purchasing my first official property.My reason for real estate investing is my wife and two beautiful daughters.