Joined the site a few weeks back and can't believe how much I've picked up/learned in such a short period of time.

In addition to education and tests, the broker's license requires a minimum of 2 years full time experience ... hmmmm, I wonder why, well, I'll tell you, it's because you don't know what your are doing for at least that period of time and can get yourself in trouble, maybe longer, maybe never.As a broker myself, with no agents at this time, I understand the difficulties. 

Owner financing can be a great deal but it can also mean the owner is not prepared to show you the full financials (they often done have them and under report income to the IRS) or there could be some 'surprise' infrastructure or other issues that an appraisal and professional inspections will uncover but a quick OF due diligence period might not.Definitely talk to city/county officials to see if permits are needed to operate the Park.  

I guess for the first question, the real question is how do I determine the redemption period for a tax deed I am researching?

lolSo ask you this question a start off:----------->what if, and not even know if I can get this done, because I’ve to check it out with my business partner, she does all the numbers and crunches the numbers to make sure that it works for us….but what if I could somehow get you a payment for period time that would mirror your PITI payment, your outgoing costs, and this might be for a period time I don’t know, say 24 to 36 payments, create some time that makes some equity by paying down the mortgage a little, not much, a little,Then at the end of this period of time, whatever the mortgage balance is at that time will be the sales price, we call this “buying it for the loan balance in the future”.Would that be something we could even talk about doing or maybe not?

Note holding fees would include property taxes, insurance (if you are doing force placed insurance), and servicing over your anticipated holding period. 

The consensus was that Sub 2 should be use for short hold periods and that lenders aren't typically calling loans after a Sub 2 transaction is recorded.I asked @Jay Hinrichs specifically what his experience has been with lenders calling Sub 2 loans.

Give Ben Leybovich's blog post here a read, but even more so, read Brian Burkes comments on the blog.Your CAPEx reserve is not an operating expense, it is a reserve and is deducted from NOI.Instead of looking for a specific CAP rate which will get you in trouble, you should be carrying out a discounted cash flow analysis over your {initial} hold period and determine the IRR or MIRR ... use these to anchor your underwriting, then look at things like Cash-on-Cash return to help determine the composition (some might say, quality) of the return.Frank Gallnelli's "What Every Real Estate Investor Needs to Know About Cash Flow" is a good primer to get you started.  

A home equity loan will be a shorter payback period, but will also give you a chunk of money up front.

It needs to be an active business generating income over a period of years.....a track record.