The homes would be manufactured to HUD standards with the one exception that we are looking into a habitat for humanity type model where the homeowner is required to commit x amount of hours to the build.

Long-term buy and hold isn't the best business model for HML I don't think.

I first became actively interested in real estate about 18 months ago when my wife and I moved into a new house and turned our former primary residence into our first rental property.Over the past few months, I've connected with two friends who have similar goals, ideals, and values, and we have already acquired three SFR this year - with our current goals aligned more to a buy-and-hold approach - and are actively looking to acquire more properties that meet our model/criteria.

On the other hand, if you have a proven system you can model, thats a major upside.

If you decide that using an LLC is too complicated or risky, you can always unwind the LLC and use a traditional custodial model to purchase your property directly with an SDIRA.

What makes the most financial sense from a modeling perspective, leverage.

I am not trying to grow into that business model and have to do XX volume to stay afloat. 

If you aren't willing to drop money on a couple mailings that basically have no chance of bringing in a deal then this business model probably isn't for you and the course will not give you a rock solid, step by step turn-key system.In my view, the biggest newbie pitfall is inaction.

The business model to develop Community Association Manager (CAM) licensing legislation (and other HOA legislation): 1) legislators consult with the Community Association Institute (CAI)) to craft a Bill aimed at mitigating abusive practices of property managers who are the very folks the CAI represents 2) CAI lobbyist and their CAI “dependable” legislators become Bill sponsors 3) the Bill is assigned to Committees with CAI “dependable” legislators 4) the Bill becomes law with little to no home owner input, full of promoting CAI interests, and heavy on fees and costs and processes imposed on CAMs and 5) the Department of Regulatory Agencies (DORA) implements licensing rules highly reflective of CAI efforts but fail to even contain explicit language for CAMs to obey State law or an HOAs governing laws or for CAMs to report observed violation of the law thus ensuring oversight is empty from the home owner’s perspective.

If I can find consistent small multifamily deals is there enough of a market for them to be sold quickly? The reason I ask is most people stick to sfh. Thank you in advance for any feedback.