Bill, are you saying because the house was never lived in I cant deduct any yearly expenses (annual property taxes, road fees, home owners insurance)?

Here is the information I have for the buildings I'm involved in. I

I then go the same day to my title company and get the title work started and typically on day 30 I get a call from the title company telling me that my title work is done and I can now sell the property and provide warranty deed.This is the situation I am in. I

So , I am still looking for my second deal.....have a couple of offers waiting for a response.In the meantime, today I received a phone call from a Realtor that told me a couple of weeks ago the property I was interested in is under contact already.

If the move in is less than 10 days early, then I collect the entirety of the prorated and first month.

I offer a contract on my blog.. www.realestatedoru.com if you put your email in I will send you contract. if you have any problems please let me know...

(Sorry for the long intro but wanted you to get an understanding the type of contractor he is and why i want to make him a partner)Anyways, I did a 3 year flip of the house I lived in and with that will have enough capital to start a business flipping houses in an area we are both familiar in.  I

I have not invested in any mobile homes but the town that I prefer to do the majority of my investments in is difficult to find properties and they go fast.

I know some folks like to look at 150-200 cash flow per door,,but I prefer to look at cash on cash return. 200$ per month on an investment of $20k is 12% annual return, but that same cash flow on a property that you have $50k invested in is only a 4.8% return.

It has worked out well as this builder does very high quality work and the property in is in a good neighborhood in a great market.