I’m reading bigger pockets “the multi family millionaire” at the moment for the second time while also listening to the ebook.I’m lookin at Illinois at the moment and hopefully by April(when some of my funds become available ) rates will have lowered and I have a few buildings to make offers on.thanks again,stuart 

@Renee MachatWelcome to Bigger Pockets.

     * House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA     * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?

I'm writing this in December 2024, when every other question asked on the Bigger Pockets tax forum is about STRs.

You can look at a mobile home and see it as an easy rental with new carpet, trim and some paint but there are other bigger uglier expenses that can come up.Roof Replacement, soft floors (water damage) in kitchens and bathrooms- most floors are particle board, exterior door replacement (special order), underbelly insulation falling, bad hot water tanks with rotten floor underneath (real joy), bad windows (water again), bad bloated siding (water), water damaged base frame around perimeter of home, cracked tubs (special orders) and frozen pipes (Good luck finding a plumber to come work on a mobile home- they do not exist). 

@Samantha SueroWelcome to Bigger Pockets.

Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.

The bigger cabins - not so much.

Look if you are determined to spend your money on a course, go to the Bigger Pockets seminar!  

I struggle with that myself.Insurance broker - I can introduce you to a couple of great agents, but they are not on Bigger Pockets, so I cannot tag them.