It''s the only time you will get to buy and control 4 units with just 3.5% out of your pocket. 

But just one deal, little likelihood they will catch wind.I only bought mobile homes on their own land, where you control the entire deal. 

GOALS:Replace my income with positive cash flowHouse hack (or not) in all the places I've wanted to live in the US (and maybe abroad) as a means for growing my portfolio after my income has been replacedDevelop really great relationshipsBuild a system that can work with minimal input from meMaintain frugality (MMM)Change my lifeLongterm - Invest in neighborhoods that need a liftLongterm - Provide shelter for homeless families and runaways

Is the community not participating in flood controls as a whole?  

In 2-4 years I'd like to expand that to include single-family residences and land.GOALS: Replace my income with positive cash flowHouse hack (or not) in all the places I've wanted to live in the US (and maybe abroad) as a means for growing my portfolio after my income has been replacedDevelop really great relationshipsBuild a system that can work with minimal input from meMaintain frugality (MMM)Change my lifeLongterm - Invest in neighborhoods that need a liftLongterm - Provide shelter for homeless families and runaways

once those utilities go bad, your not going to be able to sustain the capital expenditure to replace each of the well's or the waste Water treatment system. 

Your tenant knows how to work the system.

I have been using land lord locks, and have been fairly happy with that system as I have a master key to the building.

The IRS pretty much works in a "good faith" system essentially beleiving what you indicate on your return is accurate(you are signing that it is so).There is a possibility that you may be audited.

An example would be to utilize a limited partnership to restrict the control that the financiers (limited partners) have.