It is a good lesson on the benefits of creative thinking.  

So I ask the BP community to help us out in this dilemma.If you could go back in time what would you have done differently with the choices you made after graduating from high school and if you went to college what would you of majored in or what classes would you have taken that would of benefited you now as a real estate investor? 

If your relatives land is zoned exactly the same and has the same site benefits and is the same size lot then your conclusion might be good.

If you haven't already, I would recommend reading the Mobile Home University Due Diligence Manual - this makes visible all the risks and benefits of MHP purchases.  

I have already  learned much more than I could have if I would have spent the cost of pro somewhere else, and I have barely used any of the pot benefits yet.

But if it was a house you were already looking at, then as soon as he started in discussing in you should have told him that you were bidding on it and not to mention numbers.At the end of the day, you'll benefit from someone if you mentor them and help them become successful as well.

It is advisable not to break leases early, or both landlords AND tenants lose available funding or benefits. 

also if i am buying this property for a good price and planning to flip it , hold , rehab and rent it ,, do i need to have title insurance after the deed recorded under my name or no , if yes what is the benefit of it , if i am planning to sell it soon ??

So I am wondering whether it is legal to claim both home office benefit and free from FICA on Rental income from IRS, or otherwise you have to select one of them.

REITs do not give you many of the real benefits of investing directly in real estate such as 1) buying below market value, 2) depreciation expense, and 3) leverage.