For a traditional, established cash flow market, you can't beat Indy being a comfortable drive away.

If you are going with traditional lender, you are probably looking at 25% downpayment. 

These seem to be geared toward traditional transactions, and I can't see how they apply to the creative transactions.Other than that, this is how I am thinking the flow of the transaction goes:  find the deal -> "tie up" with contract -> find buyer -> sell contract to the buyer for a profit. 

As much as I don’t like tradition education... being an engineer was what got me a good job to get the starting capital to be a buy and hold investor and launching the rest.

Park Owned HomesApartment - all units in an apartment are essentially "park owned"  LOL:)MHP - traditional MHP philosophy would suggest you convert POHs to TOHs , so make sure when analyzing a park with POHs, only include lot income for those units. 

I briefly chatted with a traditional bank today.

Frank, your interest Is very timely as the traditional lenders (banks, S&Ls) are slowly moving away from small real estate loans as they are now making  much more in loaning to large commercial operations. 

North Point Breeze is very close to Bakery Square (newer development, Google's Pittsburgh office, etc), it's on the East Busway so it's convenient to downtown, and prices are still relatively reasonable given it's more of a traditional neighborhood.  

why would the traditional market not be bringing houses up for sale??  

Otherwise, from the information you've given, it seems as though if you can secure financing...perhaps traditional, that you may have some decent cash flow...approximately $225-$250/door if my calculations are correct.