Option one mitigates risk w/ a partner, while they also have an invested interest to build at a good price while maintaining quality.

This will allow you to maintain a cash reserve and give you time to do the project.

Not every investor has to pay the $200, just the ones who don't want to maintain their property.  

They keep the house well maintained I have been over there 4 different times and it is always very clean.  

> If anyone is thinking about going after a commercial property with them feel free > to contact me and I'd be glad to help.I have wondered why auction.com maintains a sort of firewall between its residential and commercial auctions.

But I guess they have to maintain files for 5 years or more

I have well maintained condo at a good association that was occupied all year and had like just a couple of receipts (along with fixed items like dues, taxes, interest, etc)..

The higher you can leverage, while still maintaining a reasonable cost of funds will open up the opportunity to acquire more properties and not lose out on potential profits.Then you got to find the deals.

I was thinking of either  getting property under contract for $70000 and either wholesaling property or rehab, stabilize and maintain rent at 400- 450 mark.

Also, it is little bit more work to maintain a mobile home.