Time consuming at times, stressful, frustrating, but doable.

If someone has consumer debt, medical bills, car, or student loans it's not wise to purchase real estate. 

If you're passionate enough about your goals, then reinvesting that cash flow is a much greater reward than cashing out to purchase a *insert non-essential consumer good/service*. 

When an individual person gets a credit report from freecredit or Experian/equifax/TU it is a consumer credit report - not the same type as used in mortgage today.Some HELOC lenders are looking at using a Vantage score, another topic...Banks such as Wells and Citi stopped doing HELOCs this year.    

As was to be expected, they are not interested in renegotiating the terms of the contract, and their attorney advised to not take any further action to try to get them out. 

After reading up on some of the local news stories and resources on this topic, I'm more convinced than ever that these are issues local investors, homeowners and politicians will need to educate themselves on and take action on quickly... 

Some of the cheaper homes may look good on paper, but in reality they can be more time consuming and have higher turn overs and costs.By increasing your down payment, you do lower your mortgage payments, but then the cash flow is artificial in a way as you put more money into it up front to make it that way vs lower down payment but no cash flow and you doing smaller amounts of money each month (or when repairs happen).Expensive areas can be a problem.

My biggest action item is finding a way to manage this park from a distance.

Just make sure to consume contents here as much as possible and feel free to ask any questions you may have.

Just make sure to consume contents here as much as possible and feel free to ask any questions you may have.