I'll address Texas later after I am done driving.You can drive and do BP on a mobile device?

If you plan to hold the property for at least another 10 years, expect that you will need to replace the roof, replace the mechanicals, replace the hot water heater (maybe twice), etc.

So I obviously hired the wrong GC on a flip.

I learned a lot from a bad experience but the saga still goes on. I had the cabinet guy come by one day when I was there and said he wanted to be paid. I didn't know him ...

I have a self-directed IRA with approximately $30K that I used to buy some notes on mobile homes.

It is considered a very desirable area of town to live in let alone rent in.I know it needs some minor interior stuff; carpet, paint, maybe cabinets, and 1 bath needs some drywall and mechanicals.

To be truthful, I have never purchased anything in CT.Everything I don't is online with mobile notaries, real estate agents and title companies.

We started with single family - moved on to apartments and then into mobile home parks.

Experience in rehabs, vacation and long term rentals, small commercial and mobiles (lonnie deals and land/home), private lending.

Short sales were extremely successful in the second half of '09 and the first half of '10 because the $8K tax credit incentivized buyer's causing them to mobilize.

Read "Deals on Wheels" by Lonnie Scruggs and you can use your $12K in the mobile home arena without using hard money.