I'd want to fully understand the condo regime, the health and governance of the association, my risk and responsibilities.

Yes, the tenants are a different breed but you can also find some overzealous local city and county officials who can make mobile home parks a pain to run.The Dodd Frank bill changes everything for anyone trying to seller finance and it could mean some ridiculous fees.

Not sure if that's an official investment term:) Investment wise, you would be better off in Reit at 6%.Thanks,Matt

It's official you are now on my unofficial Northern Colorado advisory board!

And now that you're "officially" here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "Goldsboro" or "Raleigh" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area.

Take into account things like health insurance, disability, life insurance, etc. all the "perks" that sometimes come with a regular job.

Because of this, they expect the prices to drop double the official estimates.Now I wonder, is this a reliable indicator?

You can employ your spouse and buy them health insurance,you can purchase your vehicle by your company and depreciate it and repair maintain it., etc.

I've spoken with some town officials who alluded to an NJ law that states you would have to put the tenant up in temporary housing but they didn't know specifics.

I have been a member of BiggerPockets for several months now and have been super quiet in the forums. I guess I have been quietly learning and absorbing as much information as I can :-) but my plan is to become mo...