Even if it's just an academic exercise I enjoy delivering value.All the best either way bud!!!

This is our first call to a park owner,so it was a good exercise to get our feet wet. ive been mostly buying mobile homes in the L.A. area and am planning to acquire a park in the next year.

Certainly not a short term rental question lol  Lucas, that is not correct and its been discussed extensively in other posts.As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the SAME individuals in an official capacity (e.g.

What I do is sell on a Lease Option to a Tenant Buyer getting $25k down and cash flowing the property for about $500 positive cash flow and the Tenant Buyer must wait at least one year and a day to exercise the Option.

I don't think using an agent that is not physically located in the area you want to invest is a good idea. 

@Jay Hinrichs I agree, being an out of state borrower they will be much less likely to lend, they want to get access to everything you own if you default, that is much harder to do if you live out of state, its gona be a lot of door knocking, to find someone that will play, I suggest @Jonathan West you go with your complete file, set a bunch of appointments, and physically meet with the lenders in there office, they will want to meet you face to face anyway, its much harder to say No to someone face to face, so if your track record looks good, its more likely someone will say yes.   

The great part about REI is that there are many avenues you can take.As for investing in Texas, I would only invest in OOS markets if I had deep knowledge of the markets there, neighborhoods, metrics, physically walked properties and neighborhoods, use to live there in the past, etc. 

In addition, I've also upped my health and physical fitness by staying consistent in the gym ever since last December and dropped 10 pounds since the start of the year.

You have to get a general idea of administrative limitations to a physical development of the property i.e. there is a 40' wide stormdrain easement in the center of the property ect.

Yield is well over 6% at this price and the company, although going through restructuring, owns significant assets, both physical and intellectual.