One thing I've come to know is, you can never stop learning and the more you continue to grow, the further you will go.  

They are looking at the property and evaluating the risk involved with selling the property if you stopped making payments.

Believe it or not, most people thinking about getting into this business stop at this point so you are ahead of the curve already.The best way to do this is to implement a direct mail campagin where you are sending offers to property owners that you have identified as good candidaties to sell.I've been doing this since the '90s and here's some tips:1) Find a market where the homes / land are relatively consistent (same age and or square footage).  

Personally, I'd rather flip in a nice area than a not-so-nice area, so that shouldn't stop you, as long as the numbers are good.

Later the water valve to the dishwater was shut off and the flooding was stopped. 

You're more than welcome to stop by and check it out.

The one thing stopping me currently is not having the capital at my disposal to pay for the rehab costs! 

If the mobile homes venture works out for you, perhaps we could be of use to each other in the future.Good luck to you in your endeavors!

Sometimes, even stopping and engaging in conversation with folks who live there just to get a better feel ... etc.In understand there are plenty of challenges in such areas.

Then it's domestic buyers who would stop purchasing, a group that despite the press is much larger than all the foreign buyers put together.So, long answer but short on conclusions; it's why US President Harry Truman wished for a one-armed economist (so they couldn't say 'on the other hand').