Instead of letting an unsuccessful attempt keep them from financial freedom, however, they boldly used what they had – their 401k – to get what they needed – a double wide on land – to get what they wanted – passive income that pays them when they retire.Mom and Dad, your persistence, cleverness and bravery is inspirational.

I'm just wondering if this is a bad time in my life to attempt to start this because of my credit situation?

This was my first refi attempt on an investment property & I certainly won't make this mistake again!

Most but not all other liens may be wiped off title should you attempt purchase at the highly competive auctions.

The quality of the work is more important than the mere attempts to upgrade!

It's up to you as to what you want to do but I'd suggest to  these tenants to get off their rear ends and invest some time in attempting to find a suitable tenant to replace themselves. 

Given the fact that a mass layoff could even further add houses to the market driving prices down which adds risk, but I was wondering if anyone had attempted something like this before and would appreciate any advice or tips.

I think you can answer those questions if you attempt to look at your site through your intended audience's eyes.

I was attempting to purchase as 2nd home.

I then received the strangest message from Nick's phone saying "Hi, I'm Nick's new girlfriend", which I can only assume was an apparent attempt to arise jealousy in me.