State laws are not being applied uniformly to retail sellers of manufactured homes or personal property-only finance companies as compared to the application of the SAFE Act to traditional mortgage lenders.

You will occasionally find a traditional wholesale deal come along but there are a massive amount of REO's here in FL to capitalize on.

This is tactic is frowned upon by almost everyone in the real estate business so I am not surprised this is where you now stand.As for the attorney covering some of the buyer's CC, there are some costs which are traditionally split or covered by the seller.

Your father-in-law is right.You may not have a traditional product to selling, but you are selling space.

You have an inspection contingency and when you receive the inspection report, you should include a repair estimate along with the submission of your counter offer.It is exactly the same as a traditional sale, but the lender, in the case of a short sale, can reject your counter-offer.Of course, the listing agent may not want to go through the extra steps that are necessary and you may have to wait additional time for review, but the fact is many lenders will allow for necessary repairs.However, keep in mind, if your already buying the house at a discount, your less likely to get concessions from the lender.

So far, no answer.There are times when a Quitclaim may be useful, but not when transferring property from seller to buyer in a traditional property sale.

I will warn you, we buy the trailers at really steep discounts, huge, under 20K, usually way under, so unless you can get a really nice one at a huge discount simply buying and selling as in a traditional wholesale may not be the route to go.

I still wonder if this is the best way to focus my time and energy or could I be more successful in another "traditional" type of business.When you think $100 - $300 a door a month, it doesn't sound like much money on one hand, but on the other hand you have a steady monthly cash flow, hopefully an appreciating asset, tax benefits, etc...I guess my question is, for the people that fully committed themselves to investing in real estate, what made you choose this path over another?

It works great for me, but not for banks.Is it possible that I could get traditional financing (e.g. based partially on the expected income from the property)?

They'll still require a BPO for valuation, whether it's a pre-approved or traditional.