A domestic partnership that sells real estate generally is not subject to FRPTA.Thanks Mitchell.Is that also a tax based on the gross sale price in case of a disposition?

Ask your agent to provide a detailed CMA that includes recent rental prices for similar properties in the area.

Asking 240k for the property, but plan to up the asking price to 250k if/when they put it on the market this summer.

@Carter Buckingham If you're planning to purchase a mobile home in the community where the land is rented, you'd have to check first with the park manager and/or owner to see if you can move forward with your plan. 

I'm looking forward to connecting with anyone who can help me reach my goals.Thanks again,Robert

It sold for a high price ($165k) and was immediately listed for rent ($1375 per month).

We got a price on the place for full replacement flood insurance at about $1300 a year from Lloyd's of London.

There are a lot of factors that go into the pricing of a loan such as loan amount, purchase price, credit score, income documentation type and property type. 

@Ashni Modi I really like new construction SFH in Casa Grande, you can find properties that make great rentals from $300-400k, they have a 7% rent to price ratio with zero maintenance repairs or cap ex.

I'm a numbers guy and am all about managing finances well.Looking forward to hearing from some of you!