In this case, that's complicated by the two lenders, especially with the first at least theoretically getting paid off in full.

I don't particularly want to go this route because I feel the language will start to become complicated.

Either they are all making it too complicated or I am making it too simple.I don't know what a cap rate is.I target $35k as the cost of acquisition including upgrades to get a house to be rentable and I expect circa $1k a month in rent for that.

Tax lien and tax deed auctions are much More complicated than mtg foreclosure auctions.

I am just saying that short sales are ALOT more complicated than "yeah" the family agreed to a low price.

It takes an hour each so you could get them all done in 1 day if there are no complications.

I agree.There may be some hiccups if you tell them you want a cash out refi to buy another house, but if you apply for a HELOC they're usually isn't any complications.

I see DF as turning the park purchase into a much more complicated undertaking now.I like that idea of being able to target a park with park owed homes in that it makes it very difficult to get outside financing, and thus increases your leverage to push the park owner to consider a seller financing set up.

Sorry if I sound a little Complicated.

I have not asked about how this would complicate taxes and whether or not an LLC would make things easier or more complicated come tax time.