I like the strategy you're using, getting into properties with such little $$ down can be very fruitful if you plan properly!

Most investors will want a tenant in place, if they qualify, and at the proper rent.

Did you market it to the buyers properly??

I was wondering what your thoughts were on their product, not as much from an investment standpoint but more of a discussion on the concept.They have developed a system with a permanent foundation and interchangeable modules build to your desired application.

Unfortunately these projects often features the homes jammed up on the property lines with a complete obliteration of existing trees/landscaping features to make rooms for a monster house so it doesn't necessarily serve to 'upgrade' the neighborhood in many cases other than increased comps.In other areas I've seen a builder slowly accrue multiple lots of and develop them in a more tasteful manner with new construction that is architecturally consistent with the other new homes they've built adjacent and allowing for proper landscaping.I try to do everything I can to avoid complete teardown and rebuild, if I can utilize the existing foundation and utilities it is a huge cost savings both in construction and in paperwork and permiting.

,I have personal experience and exposure to their products and services.

The proper accounting is for the to actually cut you the rent check and then you pay the funds out to them for the expense.In this case Even though as a landlord you are NOT REQUIRED to issue the 1099.

Still, not a slam dunk, needs proper management over time as you point out.

Hi, I have it where all my postings add the proper state clause of " Name and all residence"...

The purpose of the meeting is to learn from fellow investors; product promotions or any solicitation is strictly prohibited during the meeting.Currently max participants allowable for these meetings will be capped at 15 participants.