Otherwise you are selling it contract for deed which while legal is pretty tough to follow the regulations required of you.  

I am aware of the DF regulations to some extent and will use an RMLO and an RE attorney to draft the paperwork but what else do I need to think of ?

That way you are covered on regs/requirements and you spend your time out finding more deals...not on accounting and regulations.

Here are the numbers:1139 Clinton Rd - On the Market 81 DaysDuplex, 2/1's, 900 sq ft eachPrice: $324,900Cost Per Unit: $162,45025% Down: $81,225PITI at 5% Interest: $1,741Gross Monthly Rents: $2,190Gross Annual Rents: $26,280PITI Cashflow Monthly: $449 PITI Cashflow Yearly: $5,388Gross Rent Multiplier: 12.361% Test: 0.67%Gross Annual Yield: 8.09%PITI Cash-on-Cash Return: 6.63%Here's the property description from the MLS: "New Plumbing, Roof, Water Heaters, Interior Paint, Blinds, Flooring and Carpet installed in 2015.

For example - you use a credit card creatively to work your investment, say to buy new plumbing on a new rental property so you can rent it out.  

Ensuring that your residents continue to enjoy living at the park is a critical component of success.Regulation - Mobile home parks have unique regulations that need to be understood and adhered to around the sales of homes, seller financing, and other local and state guidelines.

Take some classes on plumbing or electrical or HVAC etc..Step 3 - Find your first house hack.  

Checks on foundation, plumbing, electrical, roof.

Now we have found an awesome place in the mountains, but that needs significant work for remodel (new boiler, plumbing, insulation, bathrooms, windows, flooring, drywall...).

Just read all the HOA rules, regulations, terms and make sure there are no other hidden caveats.Personally, $104 cash flow per month wouldn't do it for me.