@Bao-Chau TranYou have come to the right place to connect with the wide array of real estate professionals and investors.

@Reed NorrisYou have come to the right place to connect with the wide array of real estate professionals and investors.

What is the extent of the needed repairs, and how high are the estimated expenses?

You can get one bedroom and two bedroom trailers and bigger double wides from $500 to $1000.

And I'm with you on the 10 year outlook, to an extent, but what I'm looking to avoid would be buying in an area that has a reasonable expectation of trending downwards for the next 10-15 years (like Western NY.)

@Art Maydan There is a wide range of CPA's on the BP forums.

You might try doing a quick look around.There are entities out there like Linwood Homes that offer a wide variety of "pre-constructed" homes in a wide variety of style.Obtain the land, do the site work, have a general contractor do the assembly on site...You might be quite surprised at pricing and diversity of designs.

You want a credit card you can use anywhere so stay away from anything that is not universally accepted.In Canada for example American express is not as widely accepted as Visa.I do not use credit cards, I use debt on my LOC on all business expenses.  

It will help you to know there are many forums available on a wide variety of subjects.

Last August, I became a homeowner, that's the extent of my real estate experience.