I'm looking to begin to establish a different method of generating income, and this is one of the avenues that's most interesting, and in lieu of much start-up building experience, the most widely documented introduction into entrepreneurship that I have found. 

I think the dirt is worthabout 2.5 mil and they wanted 4.. so given the wide price range and the hassle factor.. we ended up optioning the piece just north of them for 4.4 million and we only have to deal with two brothers.. :)  in your scenario and job well done I hope U made some significant equity for the time. or you u can chalk it up to an advanced training session on clearing title.

What is the angle with that in your opinion?

Move out in 30 days so I can close with my real buyer.As soon as you close with them you'll have all kinds of excuses why they're late, and they'll play the previous paying good tenant angle on you, knowing you're not a "Real bank".

Unit 1 is a single wide, 3 bedroom, 2 bath, 1178 sf & rents for $900. a month; Unit 2 is a double wide, 4 bedroom, 2 bath, 1920 sf & rents for $1200. a month; Unit 3 is a single wide, 3 bedroom, 2 bath, 1330 sf & rents for $1000. a month; unit 4 is a single wide, 3 bedroom, 2 bath, 1178 sf & rents for $900. a month .

Unit 1 is a single wide, 3 bedroom, 2 bath, 1178 sf & rents for $900. a month; Unit 2 is a double wide, 4 bedroom, 2 bath, 1920 sf & rents for $1200. a month; Unit 3 is a single wide, 3 bedroom, 2 bath, 1330 sf & rents for $1000. a month; unit 4 is a single wide, 3 bedroom, 2 bath, 1178 sf & rents for $900. a month .

I know these types of homes can sometimes be hard to find therefore I am trying to cast a wide net and take my time before making the plunge.

I haven't looked at the BP rental agreement, but my take on it was that anything generated by an Oregon specific landlord group would be better than some nation wide supposedly good anywhere kinda maybe customized for each state got it off the internet rental agreement.

@Joe Clonan I was widely investing in Chicago subs and now moved to Austin.

I've been doing quite a bit of reading on BiggerPockets in an effort to start learning and prepare for the jump into REI.With that in mind I'm looking at the angle of using my current house as my first rental property with the plan to buy a new house as my primary residence.So with that in mind I've tried to do some basic numbers to help me start learning how to judge things.