Payed an arm and a leg in taxes this year (I know not a bad problem to have) and want to reduce the cost next year.

I would do a google search va loan with bad credit and see what comes up.

His HELOC rate of Prime +1% isn’t a bad rate at all when it’s on a rental property.

Learning how to analyze potential deals that you come across now will give you the ability to know a good deal from a bad one when you're ready to buy. 

Maybe it sounds bad, I don't know, but my goal with investing is not to spend all day "pounding" the phone calling, but rather to develop a steady source of passive income so I can do what I enjoy such as playing golf with buddies on a Wednesday.

Bad news.

A 64% return over 5 years isn't bad.

They could also sue you for "specific performance" and try to convince a judge to force you to buy the house but that option is rarely used and typically only when one party has been really bad.

I would like to report to credit agent, the government or other organizations this bad tenant.

@Mike G....if you went to the bootcamp and you follow that model...you know this is a bad buy.....unless this is in california or somewhere where the land is easily worth more than what your paying...but im not a speculator or in the raw land business....so my advice is very limited.Advice....i would throw this deal in the trash and keep looking for other parks....keep them in your Rolodex of follows up's...but follow up in like 6 months and if they still haven't sold it to someone and haven't come down to real world prices..then just call them back in another 6 months.