But the high prices/taxes and my conservative estimates for the gamut of expenses and income don't allow anything to get close...

hi my name is brandon cook, i have invested in a few properties in detroit and am looking to take my real estate income/portfolio to the next level. i need advice

You need to join the MHU forum.You will find out this is a horrendously terrible deal.What is the lot rent and present monthly lot rent income.

Ya, i understand that commissions come slower and bigger compared to homes, but i was prepared for that wait, because i am currently living all on my passive income of my current rental portfolio as long as i stay within my means and have a few months worth of living expenses saved away for the times i loose a renter and have a vacancy. 

You could get a no income verification, no title seasoning, cash out loan (the rate is above bank financing, but certainly below hard money commercial) and pay back your family/friend.  

Unless you only want one or two properties to have a little side income coming in, you need to have a healthy market for your units. 

.)- Self sufficient flipping business (team of employees)- Retail Real Estate brokerage for retail deals and property management (most likely acquire pre-existing prop management business)- Expand student housing portfolio- Build out-of-state portfolio for passive income- Possible: Create hard money lending company using OPMWhew!  

My vision is to slowly build a large portfolio, mostly using a buy and hold strategy, to create passive income for myself and future family. 

I assume you mean to say that you registered yourself with your state comptroller (or Sec of State) for Doing Business As (DBA) some fictitious name.For your DBA activity, use Schedule C (1040) on your personal tax return to report your business income and expenses. 

I don't have to worry about a high debt to income ratio as this will be my first purchase, I have zero debt, and my wife and I have good W2 income.Since the interest rate on a mortgage can have a big impact on cash flow, I figured shopping around for different quotes would be prudent.