I have always beenlazy and liked the idea of renting from someone for the peace of mind tonot have to think about bills and idiotic year long leases which I absolutelydespise dealing with so I refuse and just rent from hotel like places insteadwho don't demand to know every detail about your private net worth whichI will to the death refuse to give publicly to anyone.Of course you wouldn't get all that $52,500 gain for renting out after income tax butstill, that is making me think of buying 2 now.

You can always post numbers here and we can all help analyze, or if you prefer, you can always PM me or anyone else and go over info if you'd rather not be so public. 

Sometimes investors list their 1-4 units with a commercial broker instead of on the MLS so this reduces the competition for those properties even thought hey still qualify for FHA financing.Best of Luck!

She would reduce rent as payment.

As I listened to the forecast and frantically typed my notes, it occurred to me how many different types of people were in the room (we all had to do introductions - if you have a fear of public speaking I would suggest preparing something ahead of time for fear of passing out).

If the mobile home is attached to real property than I would suggest you do have a purchase and sale agreement signed as this closing will typically take 15 days to 30 days to close, and you could also record this agreement in public record to cloud the title if needed.

But yes, I definitely want to maximize profits and reduce expenses as much as I can so I'll take that strategy into consideration.

The conversation may be more difficult if you plan to ask for them to reduce or waive the lot rent as you will not be occupying it until you find the end Purchaser.You can alternatively use strategies to bypass the whole process like assigning your contract instead.

I also decided that my calculations for repairs and updates needed to be reduced, so I have been calling more people and stores to find the best deals and not compromise quality .  

Tire kickers is a big problem in this industry, reduce it from the get go!!