Last time I checked, none of the MH investors out there came from CEO positions of Fortune 500 companies with tons of cash in hand...we all worked our tails off to get where we needed to get - and CASH is KING!

We have worked all the numbers and we will have a positive annual cash flow of $20,092 (which I have read is good.)

Before adding more rentals, I'd like to flip some houses to strengthen my cash position and have a lot of questions.

There are probably hundreds of how to books but nothing beats real life knowledge and live advice you can get right here.First option which is the best option in my opinion is to keep 100% of the ownership and equity, keep the investor in a lender position, secured with a note and deed of trust which pays investor set interest rate (I typically pay 10%-12%) and you keep all profits.Option 2 would be to give an equity share where lender gets paid interest plus has some % of the equity.

Perhaps it is supposed to mean that a property should generate positive cash flow within 2 years (I wouldn't tolerate that long)?

The latter part was a six (6) year process before I really felt I was well-positioned.

Be a good buyer/note manager and you may be in first position to buy the park when the time comes.

And a higher interest rate might affect house prices so I don't want to be in a bad position so if it takes saving up 60k that's what I'll do.

I’m not a lawyer, Larry, and I don’t know NJ law, but I’m pretty certain you cannot form an LLC and take on silent investment partners unless they all have an active management position.

I make my offers based on numbers and I will not put myself in a position to where someone else has control over what I end up paying for a property.