However with all the news and media coverage, i can forsee the prices of the properties increasing at a rapid rate.

@Chris Martin  you got it Chris  I play golf at least 3 or 4 times a year with my banks pres  and chief credit officer and my personal banker of 20 some years is head of all the lenders.. he has only kept about 5 retail clients and I am blessed to have him keep me on board.Community banks are just that community banks.. they support the community.. they are not retail banks looking for checking accounts for minimum wage earners who pay through the nose for checking products..

Many sellers have a number in their heads, right or wrong, and in a seller's market they tend not to budge.You have to decide if that $10k is worth losing the deal over.

You guys are all right, the running theme I have been seeing is that first put in your time and learn the trade before jumping head first into pure investing.

My current property manager does not want to deal with a mobile property.Also the management costs of the tenants, who may not be blessed with secure income, or may not be in a position to automatically deposit the rent on a predictable and reliable schedule.I am only looking at pure cash flow, as I don't intend to flip the properties.My head tells me that lower end properties yield much better cash flow numbers, but my gut is not convinced or ready to take on the unknown management costs.

I was investigating a while ago and a lender I've used before told me that they had a limit of 6 financed properties, and I'm at 6 now, headed to 7 (all conventional mortgages).  

@Alex Bok Thanks for the heads up...

Keep your head up; you're a better investor after going through this

I find them to be heads and tails above most of the attorney closers simply because they have huge budgets and unbelievable customer service.Like we never go to a closing.. and checks are all hand delivered for our commissions from couriers.. the title company pays for... 24/7 access to their data bases if your a big enough account.customer service dial in and get a trio in 90 seconds.. in our area that is a copy of the last recorded deed the tax information from the county and a plat map... so in 90 seconds you know who owns it all the tax info and a plat map.. all for free.then for  me as a land developer there is the whole developers service department they run our plats do all sorts of work all for free. 

Thanks for the heads up.