Otherwise, there are so many ways to slice the real estate pie that it's just too easy to get distracted by next thing (short sales, lease options, pre-foreclosure, etc.)As far as connecting with other investors, you can do so here on BP of course, and you can also check out local groups such as Black Diamond REI in Massachusetts or RIREIG in Rhode Island.Also check out the BP Ultimate Beginners Guide especially the sections on networking, finding mentors, etc.

We are currently working on our short term/ long term goals and on a business plan.

If it is fairly short term then maybe 8-10%? 

He might say he doesn't want anything from you now, but he has ammo if you ever wanted him to leave on short notice.

I was able to gain a lot of knowledge in a short period of time and im grateful for that.This duplex is being sold as is through the courts.

Money lending is short term and independently mutually beneficial.

(a short one photo story)

If you're already at the 10 mortgage cap, selling just became a much more attractive option. 

I assume local banks/lenders would go to 75% but I may not get as attractive of an interest rate.

One thing I can say about the opposing side of the manufactured homes argument, is it does tend to attract a certain kind of tenant.