@Nerijus Ramanauskas this property isn't in CA so I can't speak to the 433(A) issue.All I know is that I've always been interested in manufactured homes for a variety of reasons and this one is extremely intriguing to me :).Doing more research...

She was an inherited tenant been there 15 years that is getting an extreme steal on the space (rent will be going up soon to get closer to market, reason hasn't already, is purchasing another duplex and wanted to limit vacancies.)  

There are quite a number of investors based out of the Bay that are extremely successful investing in the Bay (and others investing out of state).Also, I would really recommend listening to as many of the podcasts as you can.

Hi Scott,So basically theres a condo in to a very good complex that I want to buy and rent out. however the HOA only allows 12/60 units to be rented. its extremely rare for a unit to become available to rent and when it does, every unit gets entered into a raffle to see who gets the rental status.this unit I'm buying is being sold by the original builder of the complex and so has an LLC that allows it to be the SOLE exception to the 12/60 rule and therefore is the 13th rental allowed. now this unit is the only one left under the LLC and so the owner is willing to "sell" me the LLC in order to keep rental status.

And it certainly has become simplified since I dumped my publishing business and sold a couple of properties.But I will say that an extremely experienced CPA I used back in Texas a decade ago once said, "I'm sorry to put it this way.

Hi @Will H.Yeah I know NY is very favorable towards tenants, so that is why they need to be extremely cautious.

I would recommend extreme caution.  

I am extremely curious about moving my old 401K (prior employer) into an account to start low level lending, note investing, etc.

Foundation issues are extremely common in Milwaukee and surrounding areas. 

Hi BP,I'm extremely new to this but I have made the decision to purchase my first investment property using the strategy of buying a single family home and renting it out.