The private lender runs "a trade or business", like hard money lenders and professional money lenders do, as opposed to a casual lender such as a friend or a family member.2.

The two ways that those come to create value are renting them for money over the lot rent and selling the homes.

Nice part about SMR is they accept money orders (which we know many MHP tenants like).Never collect rent in person.  

Take your money out now as any syndication that projects 18% in today's environment is going to be very disappointing. 

With your seed money, starting with multiple units right off the bat could leverage your entry into real estate investment and rapidly scale your portfolio to help you replace your 9-5.

In California, you'll almost always be in the money under $1M.

Everything is easier and money is cheaper w/o the LLC.

If I buy a place on seller finance and it needs rehab, where do I get the money for that rehab and how do I pay it back?

I'm not a fan of borrowing money to borrow money.

So if you make 10% the first year on $1 of equity (so 1.1x your money), you need to make 10% off the 1.1x starting point (so 1.1*1.1 = 1.21x) to maintain a 10% average CAGR across the two years.In your example, if the $800 per month is after interest, then you made a 38% return (CAGR) for that year ($800*12/$25,000).