So I was wonder if anyone has any books that they can recommend that explains and breaks down how to really evaluate an investment property? 

My dad has paid the house down in full and doesnt owe anything on it, he wouldnt be able to re-finance as his credit is less than a 400 so that isnt the best option but selling to me would be best.It works out as I am willing to hold it as it is a previous family home and use it as an investment property (rented out to relatives currently living there) but also use the equity to open up a HELOC for flipping homes etc but not sure if I should get a mortgage and then open up a HELOC, or just a HELOC which I will explain below.I was told it would be smarter for me to open a HELOC (put my name on the title for at least one day) and give him the needed money ($150,000) and pay it down monthly (much less than a mortgage), we plan on paying it off in less than 5 years, a HELOC term we've been looking at is 10 years at a 4% locked interest rate.

Sorry for the long post guys but I've done a lot of research and putting a lot of work into getting started but it seems that everybody talks about every path there is in real estate but nobody really seems to explain the actual process and how it all ties in together.

He explained to me that once someone writes a withdrawal of an offer, the contract is then terminated and no longer exist.  

The link that I provided in the previous post explains the distribution rules.

In it I explain how I work many hours and still have the ability to manage my own MHP investments.  

Hi Andrew, what is the graphic indicating if you dont mind explaining.

Was that specifically what was explained to you?

Can you explain the 5-year limit?

Went to the bank and explained asked them to restructure my note to a 15/yr so I could pay down the principle quicker (right now only 75/goes toward principle each month).