Again, the lender is going to be a big factor in determining what you can do within the limits of the local law.

Hey Zach - welcome to BP.I love the drive and entrepreneurial spirit you have.I would recommend do both - invest in real estate and find you own ‘thing’.Ping me if you want to talk business or real estate.

In other words DON'T hire an attorney and keep your day job for entity legal issues and those pesky tenant lawsuits than will come up.One secret of the rich and wealthy is corporate credit or business credit based on an EIN instead of SSN which drives commercial financing deals.

But we were eligible for more so they wire it right to your bank and it does not record on your credit ( it's for doctors) but three kids thru college and his 14 years of college an loans money has been tight.we don't drive fancy cars or blow money.ISO WE thought since it doesn't show on your credit and it went into my account today and I already pulled my bank statement 2 month up till before it got deposited.Could I have someone write .e a check as a gift give it back after closiing so nervous.or any other ideas we are desperate.

Selling to buy new properties has a lot of costs involved with realtors, titles and capital gains taxes (variable depending where you live) so that should all factor into your opportunity cost ROI calculations.

Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases

What you choose is important as it drives the rates used, the markets available, and the underwriting.

Also, in Ohio, any residential lease of 2 years or longer must be recorded with the county - an extra PITA factor that isn't necessary with a shorter lease term.3.

I drive for dollars.

With that factored in, I understand the relationship much better.