If you're asking about staying in the property a year before trying to get another FHA loan on a second property, that's the minimum that a mortgage company is supposed to make you wait, and even then you would need to have a good reason to be moving so soon, while keeping the first property (sounds harder than it is from what I've heard).If you provide more specifics about what you're hoping to do in the near future/long term, I could help think a little more about next steps for you, but in the current context, it wouldn't hurt to make sure everything is working well with your current property and continue to build up your savings.

But step one is make some money.

Let's say the existing tenant gives 30-days notice on 7/1 and will move out 7/31.Immediate next steps...1.

I advocate equal time on each team member or pay for leads.What are the best steps to teaming up and find MHP's for sale.1.)identi

Good luck and congratulations on taking your first steps, regardless of whether it's a Personal Residence or Investment Property. 

We gave him the 7 business days to respond.Then we filed with the court and the sheriff delivered that paperwork in August 16.Now we are not for sure, if it is still 7 business or calendar days the tenant has to reply.And if he does not reply, what is our next steps?

v=jgD1o7mSkL8A Step-by-Step Guide to Buying Your First Real Estate Investment | BP Podcast 200https://www.youtube.com/watch?

You might consider the IA Landlord Association as well. https://www.iareia.org/BP has a small list of Iowa clubs as well: https://www.biggerpockets.com/rei/iowa-real-estate-investment-clubs/Take these steps and see what piques your interest.

First step is I would go back to the inspector and ask him to expain it.

Simplified steps:1) You collect money, put it in your LLC. execute an agreement among the investors regarding interest rate and when it is due.