@Tristan Bexell I don't see any reason not to buy a multi-plex property but you could get such better deals on the financing if you established residency.

I want purchase my first mobile home park, do think I need to establish an LLC at this time.

Basically I'd take an established cash flowing property and find an investor that would buy into it for a return and possibly an equity stake.

The few commercial lenders I have talked to wanted to work with established businesses.

They are established and still have great properties for rental income.

The street I'm on all the horses are basically the same except furnishings and they currently rent between 1300 and 1500 based on the market when lease was established.

Granted you could always tell them "No, sorry...Get out", but more often than not these are great tenants who you've established a relationship with, and it's better to keep them in place than push them out in exchange for an uncertain outcome.It's also common to find more work that needs to be done (painting, floors, leaks, etc) that wasn't evident until the unit was vacant, which in turn often delays the availability of the unit.3.

I have established a Series LLC in Oklahoma.

My first job was establishing credit for businesses applying for in house credit accounts.

I'm currently going thru the process of establishing the track record to get one.