I'll have to consider the extreme circumstances, and how the two of us would treat that..This will play out over the next year, so hopefully I'll have a good update about what ended up happening...Sorry for the delay in responding!

Some areas are looking at price drops seehttp://www.inman.com/2014/05/12/home-price-growth-cools-but-unsustainable-and-unhealthy-in-some-large-markets/#.U4ZCrijijy4Affordability - credit at 43% DTI is an issue for many buyers.http://www.homebuyinginstitute.com/news/fha-debt-to-income-296/Your business plan:Look at A and B neighborhoods.Market towholesalers that have leads with no equity in A and B neighborhoods.listed houses, expireds, landlords, fsbos, and houses purchased at the top of the market (2006 - 2008) for low equity.Offer lease option assignments, sub2 purchase or wrap purchase, use a RMLO and a good lawyer.Market for Owner financing buyers.Give speeches to Rotary, Lions, Chamber, etc. about solving problems for young families' housingPost cards to apartment buildings and rentalsWrite blogs about rent to own, credit being tight, etc.Create a meet up group for "Get Your Lease 2 Own Home Now"BOTTOM LINE.SOLVE PROBLEMS FOR SELLERS AND BUYERS.

@Mike Watkins I use various pay services to get numbers and in extreme cases pay a private eye.Could you go into more detail about how you sold the property 6months later?

Your comments are extremely strange and un true.

What this company made extremely appealing is that their further trainings provide a vast amount of resources right at your fingertips including the education, a ‘power team’, RE I software, and a mentor to guide you along in your first endeavors.

If you're monitoring entrances to units to track who is coming and going and and what times without any cause it really feels like an extreme invasion of privacy to me.

It is extremely difficult to collect from private individuals, moreso when they have time to hide assets, so she needs to move quickly before he dissipates everything.

We went to the extremes and threw out the mattress and box spring..we washed everything in the room and took down the pictures and saw they were behind the pics as well.

If you're going the route of conventional financing (30 year fixed rate loan) then it will be extremely difficult to make the purchase with an LLC instead of in your personal name.If you're using a commercial loan (unlikely for your first investment property) then they will usually require you to have an entity set up and personally guarantee the loan.

Also, $400k is pretty steep for a dozen units, unless you have extremely high lot rents.Mobile home parks are the one real estate asset class that seems to readily have sellers willing to finance the deal.