A home being purchased through the HUD program must be used as a primary residence.

I bet his Dad could qualify for a streamlined HARP program loan through his current lender with minimal documentation, no appraisal and minimal loan fees.

So with this in mind-40 space park, $200 / month pad rent- owner pays w/s/t40 x 200 x 12 = 96,000 (gross)96,000 x .55 = $52,800Now you just need to apply the CAP that fits your market- say a 12 CAP52,800 DIVIDED BY .12 = $440,000So if I saw this park listed for $96,000 I would know someone was looking at the gross, and applying a 10 CAP to the figure.

It seems lately from your posts that you have looked at real estate properties to own,note buying,and now restaurants.I am trying to determine if you are placing money in multiple streams or trying to place money into one type of investment and seeing what fits looking at multiple things.There is a difference between taking say 30,000 of cash and putting all that cash into a restaurant and having 200,000 and putting into multiple things.If the restaurant doesn't work out if it's just a small part of your overall portfolio it is okay.If it is a majority of your cash into that one thing it can be a bad investment if you do not know how to analyze properly.You might want to look at business brokerage.This is where I help people analyze buying the assets of a business.Since you will not want to run it day to day you will be what is called an "absentee owner".Businesses can give a great return when purchased properlyAny specific questions just ask.

Basically I just signed up for the Joint Venture program with Richard Roop who leans towards owner financing using creative strategies and a long term hold approach.

So, I'm scheduling a day trip up to Allentown to go look, narrow down and pick the properties I truly think are good fit for me.

I have no other office space, just a PO box that's too small to fit a desk.

However, that will put me above the 4 loans that most lenders will finance.I saw on another BP thread that someone suggested checking out New Penn Financial since - according to their website - they have a real estate investor loan program which allows you to finance up to 20 properties.

So you use a strategy to fit the situation.

Starting off, (keep in mind, I just do lease options) I think my biggest struggles were:having the drive to "stick to it" despite not knowing what the hell I was doing.Being able to keep forging ahead even though sellers would ask me questions that I didn't have the answers to.Realizing that I had to "keep tweaking" until I figured out how to make the pieces fit for me.