Hi Bigger Pocket Virginia Beach,I was having lunch and out of the blue I receive a notification on my phone of a motivated seller lead captured on my website.

When I write our loans, we have a grace period built in - typically 5-10 days - before the payment is considered late and penalties are due. 

Is a down payment typical, or does that really just depend on the deal?

I hope someone receives some value from this post, because it is a seemingly simple mistake to make, but could have significant tax implications.  

Typically you still need cash for the downpayment.  

The best referral I received so far was from a GC who recommended Silvan Construction, I think they are based out of Aberdeen.

I am looking at a mobile home park in CT with the following details:- 18 spaces fully rented for $455 / month (received as an HOA - owner does not own the mobile homes but rents the spaces and includes utilities as part of the $455 fee)- Separate unit on the property:- 3 offices rent for $400 each / month (currently rented)- 1 apt bedroom for $800 / month (currently rented)- A storgage shed that gets $1400 a yearTotal Annual Income = $122,400Total Annual Expenses = $92,701They are asking $1.2M for this property, and I am new to this type of investment.

Evictions typically take SIGNIFICANTLY less time than in NY.  

So, you'd better know how to solve at least some of the problems that are typically encountered by a prospect. 

There’s typically a good mix of attendees - usually one or more attorneys, a number of agents, many experienced investors, landlords, flippers, rehabbers, contractors, lenders, etc.