@Ruth Bayang Did you end up e recording any docs with the deeds.com?

Purchase Price $260,00010 acres (+/-) Not in city limits Midwest US 22 total Spaces11 Septic Tanks ( 1 per two spaces ) 1 Water Meter (city supply) Individually metered electric Income - $5,200 Monthly 8 POH @ $ 4,125 Total 1 POH @ $ 400 (includes electric) Maintenance man works out his rent monthly on an hourly basis so not included in above $5,200 5 Lot Rent @ $1,075 Total 7 Unoccupied Lots3 are move in ready4 need electric pole / meterExpenses $2,482 Monthly Water $400 per month average (park pays, does not pass on any costs but "watches the usage") Taxes - $187 per month Insurance - unknown ($200 per month in above calculation as estimate) Trash $225 per month average Electricity (night security lighting) $150 per month average Maintenance / mowing / cleanup, etc... $800 per month average Property Management - 10% per month ($520)12.5% CAP Rate assuming I bring in PM and don't touch anything else. 

The wrong man who regrettably believes he knows how to patch drywall.I look at things like this and am thankful that the only substance abuse problem I've ever had was cigarettes and my wife forced me to finally quit for good eight years ago.

General answer is need to show 2 years Fed tax return Schedule E.

Everytime our city mows a lawn it's a $400 lien, then you have the water department that will lien for unauthorized usage/unpaid bils, code enforcement will slap liens a house too for disrepair.Pray you don't buy a meth house either.

Garbage, cigarette butts, dog poop on the patio, etc. 

Welcome to Bigger Pockets, @Antonie E Fields!

For example, a vacation home that’s rented for 180 days during the year and used by you and family member for 60 days falls into this slot.Personal usage includes use by you, other family members (whether they pay fair market rent or not) or anyone else who pays less than market rent.

I am trying to make sound investments and now I am looking at upscale neighborhood in Seattle :)  I shouldn't be looking at this.https://www.zillow.com/homedetails/1851-Mcgilvra-Blvd-E-Seattle-WA-98112/48937134_zpid/I should be looking at thishttps://www.zillow.com/homedetails/3362-N-47th-St-Milwaukee-WI-53216/40439567_zpid/

HiWhile reviewing a deal to purchase a performing contract for deed in AZ, I have ordered an O&E report and learned there is a 5K lien that should have been wiped out when the property went through foreclosure (DUI charge on the previous borrower, under previous lender).The loan I am about to purchase is in 1st position, and the LTV is <40% so I don't see FC happening here.