This will speed up your learning curve, greatly reducing your risk and if/when you land those first few deals you will likely be able to partner with them which would almost ensure your success initially.

Hope you can come out of this strong and land a solid deal soon.

If I buy a property in a Land Trust,Or if I originate a note in a Land Trust,Then sell partial beneficial interest in the Land Trust to multiple individuals,Do I need a PPM and need to have this passed by the SEC ?

We then submitted that pre-approval letter with every single one of my offers that we put in (we're in a hot market so we put in about 5 offers before landing on one that actually accepted).Your offer will seem much more substantial with a pre-approval letter; especially if you're going up against other offers.

You can find out more about doing that here (link in original article).Make sure your website converts as best it can — The last thing you want is to drive traffic to your website and still land zero deals from that traffic — believe me… it happens.

This seems like a population that could benefit from living in rental mobile home parks.Seems like you guys could set up some "Shabby" trailers on cheap vacant land somewhere at the edge of town (cheap taxes) and get the bus route to go out there to take them to work and shopping and fill a need.Sometimes people in Texas give older mobile homes away for the hauling.At $35,750 a year that's $3,000 a month Gross (with 3 deductions), they could afford to rent cheap trailers without Section-8.All you'd need is septic, electric and propane out there.A shabby rented mobile home at the edge of town is a lot better than living in the streets (supply demand),And it might cash flow attractively (with Class-D management issues of course).Just my 2 cents on this.Good Luck!

I doubt the owner has the balls to pull that out.

Unfortunately you are never going to get a crystal ball as far as exact data to run your analysis.   

As a personal residence where you can build some equity, gain land lording experience, and live a little less expensively...sure, if you like the place.

I am sure he could rent a mobile home with land for the dogs in those towns.