My time is extremely limited so I felt paying 1/2 the first month rent was very reasonable.

So I don't see that big of a lifestyle difference between doing what I do and being self employed.

So a $7k trailer with $3k down, 7% ($179.09/month[limits to rates that can be provided?])

My blog/website is about long distance self management, landlording, investing in class A investments, investing in a transient lifestyle, etc.Good Luck !

And still further, if you have a good paying day job, you may already be hitting the limit for social security tax.

It's not until legislative restrictions and practical limits come into play that we realize some things are just plain next to impossible to do.

Is there something like a "statute of limitations" that could be invoked to grandfather in rented units since lack of rule enforcement could be seen as consent to allow renting?

Plus, if it can be bought subject to, he can get in with very limited amount of funds and one heck of a large cash on cash at the end.

Are there any limits on the number of HUD investor bids that can be placed on any day, week, etc.

I have 17 with number 18 just put under contract.My first 8 or so were either fringe areas or houses in poor condition.Those 8 are about 3 times the trouble the last 9 are whenI was able to switch over to better product (areas, house layouts, and my rehab levels).From the sounds of it, you were much smarter than I when you started and limited yourself to the nicer areas and better houses.I'm doing 17 now and its running extremely smooth.