If you want to buy and hold late model builds it's probably not worth the hassle.My two cents...from the perspective of someone who wouldn't do it...

When you get to 3 bdrm you are entering more family territory and I do see them in general being more possessive about the land, especially with you kids. 

The model is like the insurance industry or real estate brokerage.

It seems to me a dangerous proposition playing with credit, how exactly does the business model work?

I have taken pictures of all the units when I took possession, but there are some issues that have obviously been there a while, so based on the lack of proof, I would probably eat those costs anyway. 

When they make you money they have a loyal client, and you have a strong business model.   

It certainly can be a good resource, but to quote our instructor "this course is like drinking water from a fire hose".For the pricetag, it was well worth it for me and I intend on taking the other CCIM courses over the next 18 months, but as a principal, you need to weigh the usefulness between paying for this course, and learning the information here on BP.  95% of the time, you can get away with using a more simplistic model to analyze investment deals for your own use. 

love that model.. our dog gone land cost out our way is SOOO high its very difficult if not impossible to do these. along with all the land use issue and improvements the govmit places on you for access drainage  fire protection etc etc.. half our battle is fighting the fire marshals :(.I think out this way excess land at airports may work.. but anyway congrats sounds like a big winner. 

Changed my strategies, & revamped my business models to be ULTRA-conservative.Here’s where I started taking my new outlook on life into a plan, by writing down my NEW business onto a sheet of paper.

The fridge was a floor model which took about $100 off the price and was still in new condition.