Everybody will start shouting about "piercing the veil" and how LLC's aren't any good...but I believe that when operated properly LLC's should provide as much protection as a traditional corporation.

You'll burn through that 3k in no time if you do things traditionally.

You can definitely get a loan on 4 plex through FHA but the qualifications are more stringent than traditional loans.

For a traditional, established cash flow market, you can't beat Indy being a comfortable drive away.

If you are going with traditional lender, you are probably looking at 25% downpayment. 

These seem to be geared toward traditional transactions, and I can't see how they apply to the creative transactions.Other than that, this is how I am thinking the flow of the transaction goes:  find the deal -> "tie up" with contract -> find buyer -> sell contract to the buyer for a profit. 

As much as I don’t like tradition education... being an engineer was what got me a good job to get the starting capital to be a buy and hold investor and launching the rest.

Park Owned HomesApartment - all units in an apartment are essentially "park owned"  LOL:)MHP - traditional MHP philosophy would suggest you convert POHs to TOHs , so make sure when analyzing a park with POHs, only include lot income for those units. 

I briefly chatted with a traditional bank today.

Frank, your interest Is very timely as the traditional lenders (banks, S&Ls) are slowly moving away from small real estate loans as they are now making  much more in loaning to large commercial operations.