I re-invest and only live on a portion of the income coming in. I

Whether or not you want to have a corporation to hold your properties in is something you should discuss with an accountant or attorney.

But don't let that deter you if you feel you need to go out of state for your first investment.Just make sure you go and see the area you plan to invest in so you are familar with it and feel comfortable.NJ is a very tough state to be an invester in. I

ALSO, make sure you can move another mobile home in. I

Not submitting back-up offers on properties you're interested in, is, in my opinion, saying you're 100% sure all those first offers submitted will close.

A house you live in is not an investment.

One thing people tend to leave out as a factor in choosing an area to invest in is how favorable the landlord laws are.

Not only do I require that the tenant gets all utilities in their name before move-in, I VERIFY it was done by contacting the utility companies (or by being contacted by the utility companies for those where that is the normal practice).

What part of town are you in? I

I tried searching for this, but the filter button after I search doesn't seem to be working for me.So, now that I have leads coming in, I am trying to categorize them as to what can be done with them.