Thanks for the kind words, David...And you're exactly right -- being able to speak the language that contractors speak and understanding how they view the job is critical to getting good prices. 

1st time analyzing mobile home park and would like some critical review from anyone that’s experienced with this type of investment…Nine (9) unit mobile home park (seller owns mobile homes) located in the Charlotte NC area.Seller asking $379,000 (seller has agreed to carry $265,930 at 4.5% with 5 year balloon) 4 acre country setting – property is in very good condition.

Any critique, constructive criticism and advice is greatly appreciated. 

Congrats.I hope you made the offer through the other agent for helping you out.It goes to show working with the right brokers/agents is critical to accomplishing your goals and getting the right information.

Your net worth will become immediately higher than many, many Americans who have been slugging it out in their 9 to 5 jobs for several years. 3) @Chris Masons  brings up a critical point => build wealth through diversification, unless you become so incredible at doing one thing and one thing only.

You don't really say what your current income, credit and debt situation is, and that will be critical to getting a mortgage on this property.

I have been reading all across these forums and google, but I wanted to post my "to do" & "unanswered question" list for our resident experts to analyze and let me know what critical step I'm missing. 1) Get landlord insurance instead of home insurance2) Interview and find a good PM (Lynchburg, VA - anybody have a lead?)

If this is a full time career, then work at least 8 hrs. a day at it and become productive become critical of your performance and you will improve, and keep picking peoples brains until it works for you.

The one thing to understand I think that is mission critical is that Memphis is NOT a capital growth city.

Trying to get dissimilar fill material to stay in there can be hard depending on velocity.