Oh, and a special thanks to our Developer Edd for all his hard work on this!

So, instead of buying a house and paying interest to buy the banker's shinny new car, he instead buys land, develops the land and then sells the land for a huge profit.

I am close with a couple of very large developers/investors who have become wildly successful.

I have a friend that inherited a bunch of land in my town which was later developed into a Dicks Sporting Goods, Khols, Target, Olive Garden, TGIF, Chillis, Verizon, GameStop, etc. the list goes on...

for a few months now and decided to jump in.I have only been a year out of school and am currently working for a commercial real estate developer here in Dallas as a real estate analyst.

The gross building area must be consistently developed for the subject property and all comparables that the appraiser uses.

If you develop the knack for finding good off-market value plays, negotiating a good price, turning them around, and running them profitably, the sky's the limit.Just put yourself out there and kick inhibitions aside.

For me, the prospect of being able to refinance and just get out the initial outlay, not even hoping for any profit, would be great as long as the property will cash flow.

Don't shy away from developing relationships with new people.

In fact, many that I have been around have a waiting list.Another option is to seek out a developer in the area that specializes in communites for manufactured homes.