Hopefully at your REIA or Meetup of investors up there, you'll learn what websites and internet searches you can do to conduct some "first pass" due diligence from the comfort of wherever you have an internet hookup. 

  -  I would really do my own due diligence. 

Download BP’s newest book here some good due diligence in Chapter 10.

It will be your ability to run a scalable real estate business that should compound as well, as you consume more knowledge, and gain practical experience.If you apply yourself diligently to your pursuit of real estate you'll find that deals begin to present themselves to you, that lenders will be more willing to work with you to finance your deals, and that other individuals might be interested in giving you cash to partner on your purchases. 

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

I think 10% is just an illusion of safety for you.But that is just me.If I had a deal, I rather tell the seller I am cancelling the contract than giving in to greedy people (not accusing you).A good deal is a good deal, and there are legit ways to handle risk... basically eliminating it as much as you can.By doing due diligence on the house.All such things like "skin in the game" does is create a false illusion of safety.This because, me ALSO having something to lose is not making the deal any safer.

Obviously, this is only my opinions and you should look online and do the proper due diligence to make a decision.

My first MH I spent about $32K on rehab so make sure you do your due diligence.

You'll have the same due diligence and return obstacles to overcome but this search may clarify some things for you.Beware any qualified intermediary who is offering you qualified replacement properties.  

Most investors will tell you what they're looking for and what their criteria are.With $150, diligence and persistence, you will start finding opportunities that people want to buy.