We have a rental portfolio with five kids, travel sports, and a 60+ hour a week job. 

Hey Colton, I was in the same place about 4 months ago and yep the biggest thing is to start finding leads and a great way to start that process is driving for dollars.

He has 2: one that is designed to teach you how to be a sophisticated investor and a second program that is 1-on-1 coaching (not sure if you actually work w/ Brad or a member of his team). 

Identify similar properties nearby that produce income as a resident and as a commercial property. use those numbers to do your I=RV calculation, but discount the income to arrive at a conservative number.

If you set it up as a partnership, normally, the limited partners (those who bring the money) would receive their money back and a preferred return on investment of 8-10%. 

I would suggest speaking with a mortgage company, and a local bank to get their advice.

If the property has been abandoned then you should be able to schedule with a locksmith and a sheriffs deputy to take possession of the home.

@John-David HerlihyThe IRS rules state there may be no direct or indirect transactions or benefit between a plan and a disqualified party. 

However pending the condition of park owned mobile homes and existing pads/utilities I think this has a lot of upside due to location and a growing city. 

I know some of them don’t need that.I'm in the same position where I know I will need to raise funds for my next rental and a flip seems like the way to go.