If so, shouldn't the state stop this practice?

A lot of things to think about.For the record "I am not a practicing tax professional"

But I suppose as you grow that initial pile of money and it gets larger you will be able to lock up more deals simultaneously, assuming you have deals coming to you.

So writing a check from your personal checking account to the LLC account and writing "capital contribution" in the description area on the check is not a safe practice?

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you: Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.

It is helpful to get to the point you have daily and weekly activities that help you eventually achieve the major goals.I actually do more of this with my CPA practice than I do with my real estate investments.

Where title is transferred as certain amounts have been paid, say when 25% equity is established in a property and each property is viewed as a seperate transaction, properties being placed in line to be purchased from one payment stream.You didn't say if there was any underlying mortgage on the properties.Another issue is that a MH park is usually under on legal description, so dividing each one out is not practical.

Then, when it's time for daddy to get paid off the child comes in and has no proof of payments and when that is obtained they can't qualify because they relied on daddy's love and affection instead of good business practices.

I would have to agree with Mark as being an assistant or getting that internship as your best chance.In my state without a real estate license you can only manage one property for somebody else and cant get paid any commission off rent or new tenants as that would be practicing real estate without a license.

Are you acutally meaning that you sell your notes with the   " With Recourse endorsement on the reverse side of the note"  My Dad did that in the 60 's and 70's in CA.Did not know if that was still a common practice.