You are in a very decent spot to start out. 1) yes, you'll probably be more successful working with someone who balances out your strengths and weaknesses.2) Don't be afraid to work really really hard at first (6-12 months), it may be necessary.3) network4) think creatively, think differently5) plan to grow6) use other people's money; whenever possible, keep your cash in the bank7) work smarter and smarter as you go... try a few ideas, then focus, try a few more, then focus again, utilize other people's time for 10.00/HR jobs and focus on growing your business.Good Luck!

When I write our loans, we have a grace period built in - typically 5-10 days - before the payment is considered late and penalties are due. 

Is a down payment typical, or does that really just depend on the deal?

There are all sorts of things like EDU, utilities, etc that need investigation.Are these public or private utilities on the lot?

One piece that might make a difference is if you're paying the utilities (or utils included with rent).

Typically you still need cash for the downpayment.  

You could utilize this tool borrow money from the plan than you then put into a personal real estate deal.  

I guess I just want to move quick but it probably will be good to utilize that and not leave money on the table.  

I am looking at a mobile home park in CT with the following details:- 18 spaces fully rented for $455 / month (received as an HOA - owner does not own the mobile homes but rents the spaces and includes utilities as part of the $455 fee)- Separate unit on the property:- 3 offices rent for $400 each / month (currently rented)- 1 apt bedroom for $800 / month (currently rented)- A storgage shed that gets $1400 a yearTotal Annual Income = $122,400Total Annual Expenses = $92,701They are asking $1.2M for this property, and I am new to this type of investment.

Evictions typically take SIGNIFICANTLY less time than in NY.