Hey BP, I was wondering if you are financing an acquisition with debt and equity, is it necessary to show proof of funds for anything besides your equity portion? 

I told @Marc Winter in a PM just now that I'm mostly interested in "buying" properties in Cincinnati using creative financing and using my cash to fund the rehab portion. 

A large portion of the year-over-year increases occurred at above-median price points.

I was told I only have to take the state law portion for MD & VA as I have already passed the national exam for DC.

Now, that does go down over time, but it will be PAST the mid-point in the lifetime of the loan before the principal portion of the payment exceeds the interest portion and at that point you will likely have paid more than the original loan amount in payments. 

I'm a realtor in Oviedo and a portion of my business is with investors that tend to purchase in and around the UCF area. 

The South Bay also has some opportunities to House Hack to get your feet wet as well as offset a huge portion of your mortgage. 

This is as far as I got building the model so still need to incorporate the refinancing portion, taxes, vacancy, repairs, property management... so please let me know if there is anything I should also taken into account or if any assumption is already wrong.

Your strategies are sure to work in the portions of the U.S. where the laws are fair and equitable when it comes to housing. 

I am a believer in being a deal "maker" rather than a deal "killer" but there are some things you need to know about this deal:1) Assuming that the lot rent is around $200 per month (guessing based on the numbers you posted) you'd have total revenue on REAL property of $3,400 per month.2) The expense ratio on this deal is closer to 50% due to small size and private utilities, hence a net income of $16,800 per year.3) At a 10% cap rate (I wouldn't go any lower due to rural location) the value of the REAL property is only $168,000 plus the value of the mobile homes which are PERSONAL property and cannot be "capped" (figure on maybe $3,000 per home x 14 = $42,000) so the total value of REAL and PERSONAL property is roughly $210,000 NOT $325,000.4) A park in a rural setting like this would have to have a strong test ad result (20 calls in 10 days) or the market is too weak to support the property.Based on experience, I would think this would only work in Nebraska, Colorado, Montana, Wyoming or some state in which there is still high levels of demand for rural housing and economic vitality to push rents in the future.