I have been very careful to make sure I am within the proper guidelines.

Inspector: to confirm the condition of the house.Insurance provider: where to go for getting proper coverage and get competitive ratesMortgage Broker – I am not sure if they lend to overseas investor?

@John HixonThanks for the kind words@Mark KvamThe following people I think should be consulted regarding your mobile home park purchase@John Fedro@Curt Smith@Ken RishelMaster lease options in general is where we "guaranteeing the net operating income NOI" on a master lease, have an option to purchase based on NOI, and then turning around the investmentAll leases are turned over to you as a master tenant and you in turn sublease  outThink of a poorly managed apartment building, with a low NOIYou increase rents over time and decrease expenses and efficiency of managementWith a master lease option, you can sell your option or exercise your optionMobile home park negotiations, I would think that that's a late sale and purchase agreement with a large down payment would be the most prudent way to approach it, you may need private money to execute the  sale and purchase agreement@Bill GulleyMight have a few ideas too

(get seller to pay the closing costs and you can get a decent house pretty cheap)The cons: -you will have to pay PMI for life of the loan- contractors that do the work need to have all proper paperwork, and lead cert if doing lead work (these guys can be a lot more expensive)- 3.5% is based on total project cost, not just the price you pay for the home.

So 2 questions :1) To tax my assignment fee properly what should I do?

Indianapolis isn't Hawaii Bob(stating the obvious)Even if a house does not appreciate for 20 yrs, and rents, only go up a few percent a year.If a property is bought right and cash flows properly.

Now I just need to figure out how to ACTUALLY find and execute my first property. 

If the numbers work out I wouldn't hesitate to execute a deal, even with multiple wholesalers involved.  

She gave information regarding evictions and the proper process.

That would be a long-term speculative move.I do find it hard to believe that an 8-unit property isn't zoned properly.