Do you mind being leveraged and using debt?

You must separate out the value of the homes from the value of the park.Also keep in mind expenses on a small park will be the same as on a larger park so you will likely be looking at 50% expences.

Mind sharing your approach/ questions?  

Hello,Looking for Like-Minded Individuals/Investors located in Saint Lucie County, Florida who may be interested in meeting, discussing, joining forces, or any other form of networking.

You have some good goals and use that for the motivation to keep moving forward.

My goals consist of starting out with Single family (already have my first deal picked out, and in negotiations) then quickly moving into Multifamily and then growing it from there.I do my research and I'm always expanding my knowledge, I don't do anything with out full commitment and I'm looking for the same from a partner.I've always had a way of finding deals in my life (eBay, Amazon, Facebook, Craigslist, etc. ) and I'm more motivated than ever to find them since being introduced to real estate investing. 

I guess the question is what are the reserve requirements.. and keep in mind they are for your own good.lack of reserves was one of the main reasons investors in the landlording business fail.

I’m new to the whole real estate business and I’m more interested in wholesaling...What is the best way to find motivated sellers?!?

It must have something to do with the fact the life changing experience switches your mind faster than any other process.

Hi @Dana Black,It sounds like you've already made up your mind that you want your second deal however having a hard time trying to figure out which move to make.