You will also have builders pushing you to use their lender (Do not) go down that road.

Although Larimer County hasn't had some of the development issues and moratoriums that Weld County is experiencing, it's still good information for what developers could be facing down the road in Larimer.

So someone can just stop paying taxes and create a funding gap for our public schools, firefighters, and county road maintenance and now private investors & Counties are going to bankroll the cost and administrative overhead to sell their property at auction and give them back the net auction proceeds?

Even if he has no credit/criminal history in this country, you should process an application screening like you do for every applicant.

Lastly when I was newer in the business I was a Land ONLY specialist I sold smaller to larger Ranch style land and depending on where it was and how difficult it was to show standard fee's in those  days was 10% and on some of my deals that were 40 miles of dirt road back into Mendocino National Forest and took someone with my unique skills with maps and compass's to even find the land I charged 20 to 30% commish on those.

I am assuming you would be paying for materials and replacement appliances, etc... so $1000 per month for labor to take care of 5 mobile homes should be seriously looked at down the road.

It’s 2 blocks off of a major road.

Considering that DU allows a 57% back end ratio with good credit, this could spell trouble down the road.

I personally think Real Estate Rookie provides a clearer road map for your first investment property in situations that are more attainable today.

Run a full background check to see their credit score, prior evictions and criminal record.