Now other properties could be different, but we are now looking for duplexes with 1 vacant unit so we can rehab and get market rates and then move the other tenant out after the rehab. 

If they want cash right away then they have the option of selling paper right after closing.

Quote from @Chris Seveney: @Jaquon MillerDepends on your long term goals but based on what you wrote, I would strongly consider refinancing Thinking about it but hoping that rates don’t get cut soon after.

So you really need a GREAT spread between your buy and sell price after the rehab.  

Under the IRS rules, a person  qualifies as a real estate professional if: (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participates, AND.....(2) hours spent providing personal services in real property trades or businesses in which the taxpayer materially participates total more than 750 during the tax year.Like @Greg Scott and @Russell Brazil mentioned above, I don't believe that you would qualify as a REPS, but if you are going to try it, make sure you document it very well (i.e. with some kind of proof, like time cards, mileage forms, and/or receipts, etc.) so that just in case you do get audited, you at least have something to provide to the IRS agent. 

you likely are aware of this if investing in Mobile Home parks...Benton/Bryant had one for sale recently in the last two months. 

After we signed for the mortgage, he decided not to move in even though the conditions of the mortgage required him to do so.

My company invested day one in a CRM, and coming from a sales background I thought I knew what I wanted.

If I was interested in purchasing a seller financed home with the total price of say $700,000, could the loan be structured to pay off say $150,000 to the seller over a 4-year period with the remaining due after that period?

So proximity to public transportation and services is really important to them.