@Marcus Amison, that is a question for a real estate attorney in the state you intend to buy property in.

No production home is built well.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

I'm not afraid to buy, in fact I hate money sitting in the bank doing nothing for me.

The more I learn, the more I understand why a person would want to sell and buy this way:1.)

I am a broker helping people buy.

@Jennifer Patton,Have you thought about buying a quadplex?

It depends on the number of properties you want to buy.

I'd rather try to retrain them and keep them then have a turnover right when we buy the property. 

Pre-construction are the best deals in that you can buy much cheaper if you buy early enough, which gives you a much higher ROI and give you equity from the get-go.