You build the business into an automated passive-income-generation mechanism that can grow, evolve, and continue to provide returns long into the future.The investment is the BUSINESS, and the real estate is the underlying commodity being utilized to generate income.

A good way to gain leverage is to seek out and invest in those companies that source the material.

In other words, how many units are CURRENTLY vacant, not an average or estimated 5%. 5% would mean that less than 1 unit would have a vacancy each year which is practically impossible.Who pays the utilities?

My past work experience is construction so I would do all the work myself counting only for materials.

That can be a disaster: utility prices are volatile and tenants waste utilities when they don't pay for them.

1) Price: $249,000 (duplex in class b, c area/San Diego, CA) Shortsale and appraisal came in at list price, orig. owner purchased for $475k in 2005 Owner pays utilities, tenants pay elec., gas 2 units rent for $1200 a month.

I currently utilize a self-directed IRA.

Hi Everyone,I bought Lonnie's materials and started looking into buying and selling MH's here in MN.

I guess that makes sense and I would actually use cash on hand to fix up the place (I am estimating materials at 25k) Labor costs I will be eating since I along with my father in law would be handling the fixes.

If that's good; they have no evictions; no criminal history; and only one hit over a utility bill, then I would certainly rent to them.