More knowledge, more money, more confident, more BP contacts, more questions, more effort, and more answers to and from the BP family, more planning, more executions on your plans along with eyes wide open.

This happens for a wide variety of reason (zoning, violations, defunct..).Then run the numbers.

In California you do not need to be licensed to manage your own properties, but I strongly recommend purchasing a landlord law book as the laws can be tricky here and they can vary widely by county and city.

I peeled away the tile in the next room, and it covered a 2' square of plywood covering an access hole to what looks like an old brick septic system that's probably 5' deep, 5' wide, and 8' long (I didn't climb down in to measure it).

I will review that angle as well.Dave NA thanks for your insight as well.  

Some things are cheaper at HD, but all in all the Menards 11% store-wide rebates and 2% year-end-rebate (in addition to our corporate 2% visa card rewards) takes the cake... not to mention getting last sale price on big orders and the random mail-in rebates come automatically attached to our receipts.  

Rents for a single wide are $435/month and includes water but nothing else.Option 1) Fix the trailer and rent it out.

An attorney can't review a contract to the level that I would expect unless I shell out the big bucks.2 She can endorse a contract that she has put together or that is standard and widely used.

My investing approach is like yours and many within this forum...purchase discounted realestate, either from the foreclosure angle, estates, tax liens or other wise...buy and hold (or flip if the deals makes sense to flip). 

However, the numbers vary widely depending on which amortization period I use.