I would definitely recommend that you consider your $50k as operating capital and structure your deals to use as little capital as necessary to acquire and stabilize a property with the intent of pulling whatever capital is invested out of the property as soon as it is stabilized.

Dan Oliver - I would like to have more details of your area, if we can talk sometime.Carlette Ebanks - I am interested in your area of operation, lets talk sometime.Justin Stamper - i would look to buy with cash intially and then try to finance through bank.

@John HixonThanks for the kind words@Mark KvamThe following people I think should be consulted regarding your mobile home park purchase@John Fedro@Curt Smith@Ken RishelMaster lease options in general is where we "guaranteeing the net operating income NOI" on a master lease, have an option to purchase based on NOI, and then turning around the investmentAll leases are turned over to you as a master tenant and you in turn sublease  outThink of a poorly managed apartment building, with a low NOIYou increase rents over time and decrease expenses and efficiency of managementWith a master lease option, you can sell your option or exercise your optionMobile home park negotiations, I would think that that's a late sale and purchase agreement with a large down payment would be the most prudent way to approach it, you may need private money to execute the  sale and purchase agreement@Bill GulleyMight have a few ideas too

Perhaps most encouraging, at least to me, is that although many of the guests are now operating multi-million dollar Real Estate businesses, many stated right where I am now―not knowing exactly where/how to start, afraid of making mistakes, etc.Although we live in CA, we are looking to partner with my wife’s oldest son, who lives in CO.

Lending Club allows anyone to invest in their loans because they are fully SEC registered, whereas Patch of Land operates under Title II, Reg D, 506(c) and can only accept money from accredited investors.  

So here's the combined numbers for both props on a monthly basis.Purchase Price For both Properties: $120,000Gross Income (both properties): $5,965Gross Effective Income (10% Vacancy rate): $5,368.50 Net Operating Expenses: $2741.31- Cable - $50 (it's gerry rigged)- Water - $435- Electricity - $450 (3 months during the summer its $800 a month)- Dumpster Fee - $185- Fire Insurance - $41- Property Mngmt - 7% (I will use professional management)- Taxes: $363.34- Maintenance: $800Net Operating Income: $2,627.19Capital Improvements: $25,000 (roof, foundation, paint, flooring)The owner combines all expenses for both properties because they are side by side.

Would love to meet/help out anyone who is operating in the area.

Please let me know any way I can help you as you get started as I primarily operate in the Hartford area. 

You can also contribute to the project by joining them with a contribution to capital, in that case a note and deed of trust isn't necessary, but needs to be resolved in an operating agreement of the LLC.If there is significant money in on this, I suggest you see an attorney, you can use the same contract over and over again in the future.

Even if I did retain you, I am pretty sure the Partnership Agreement and Operating Agreement I just drafted would cost you that $7,800.00 check you just gained.