I would also have to find a broker to employ me, and around here, there are maybe a handful.

In your case I have believe the value is in the cash flow that is generated from the MH.  

And lastly I paid my tax's.. this is another area that self employed RE agents and brokers get into trouble.. fast forward to the few RE companies I owned and I can't tell you how many agents wanted meetings with me on April 10th to April 14th...

Both of those things absolutely are beneficial in generating more profit, but they are not profit themselves.I also believe 100% in what I think is Bob's theory of how to invest.  

Students must live in campus approved housing for freshman and sophomore years, and junior and senior students with scholarships are also required to do so, however juniors and seniors without scholarships tell me they are anxious to live "off campus"Since apartment is one block from university, students can walk to campus, saving them parking permit fees.Additional income could be had by putting in coin laundry, soda/snack machines, and renting out storage units in basement as well as garage space.I have a friend that currently is the maintenance man for the entire university, and he is questioning students as to how much rent they are paying to live off campus currently.OPTIONS:  Rent furnished apartments to 4 students per two bedroom and two in basement unitRent furnished apartments to 4 students per two bedroom and create common area in basement for study/recreationRent all units unfurnishedOption to raise rents by including all furnishings, cable, wifi, cleaning service etc. with them simply paying rent and electric.FINANCINGtax value (not market value) 105,000Taxes $2,200 with no exemptionsProperty currently has a 30K mortgage left of a 55k loan previously taken out to "give first child his half"Owner, due to age is most interested in payments, and leaving remainder to 2nd child for "her half" Owner has expressed the following offer :30K to pay off current mortgage, and 250K to purchase an annuity that would pay $10K/year for his and his daughters lifetime.In its present state, I question whether the property is able to be financed FHA due to condition, though it is a solid building, the maintenance has been deferred.comps on property are practically non existent.MY SITUATION:I have perfect credit, and am about to flip a seasoned home with no mortgage and expect to clear approx. 70K.I am single, steady long term employment, and have no debt.I have a realtors license in inactive status, and have hands on experience with major property improvements.I am a "Dave Ramsey" girl, and debt makes me quiver...  :-)Note: Property is currently in a Life Estate Rev.

The nicer mobile home that I bought by mistake needs about $3000 in new roofing and is already occupied, generating $650 a month.

Also, do you all use those postcards to generate a motivated seller pipeline?

I talk about ways we generate leads, how much leads can cost (double those #'s for LA), and why you want to develop a consultative approach - offering your solutions (buying, listing, etc.) as a range of opportunities to solve the seller's problem.  

Thirdly, I went to the tax assessors site, found properties near mine that appeared to be owned by investors, so and so llc or so and so and associates and contacted them and this has generated some feedback.I just contracted the property this past weekend but I had a small list of potential buyers before I had the contract.....hope this helps.  

@Kyle Griffin You need to be employed for 2 yrs consistently in a similar job to use the income for loan qualification.