It could be an LLC, trusts, S-Corp or other.As for the extra land and RV park plans, be sure to do tons of due diligence with the local permitting authorities to make sure you can do this and what the rules are.  

I made it a RULE never to loan money to agents...

My dilemma is should I put $200k down on 16 - Midwest units which (hypothetically) may return $4000 ($250 x 16 - which is reasonable using 50% rule and real returns from users on BP) monthly cash flow immediately and hopefully continues to perform. 

Is there any FHA regulations, forms, etc that can explain the rules for using the contingency reserve? 

I did not realize that rule about the homestead.

This is an "ad platform" model, and the one many project-driven issuers are using as it is exempt from all regulation (the offerings themselves still have to comply with SEC rules and state securities dealer laws, but the portal itself is free from oversight so long as it conducts business legally).There is a lot of internal industry debate about which is the best and there is disagreement among securities attorneys knowledgeable in the space about what is required.  

Got all that taken care of and now I have to find out if I have to register the property with some local entity to be compliant with their rules.

This time, I have completely deviated from my rules and through discussions initiated by the tenant were able to have me agree (all our tenants think I am just the property manager and not the owner, btw) to a payment plan.She worked really hard for the past few months, paying most of the rent and sometimes falling behind.

Here are what the numbers look like at 76k:Purchase Price: $76,00020% Down Payment: $15,200 Closing costs: $4,000 (estimate)Rehab Costs: $11,500 (could be less)Mortgage Payment: $300Gross Monthly Rent: $1250 Cash Flow: $325 (using 50% rule).ROI: (325*12) / (15,200+4000+11,500) = 12.7%Zillow says the property is worth 130k, I am getting comps pulled as well.Just wanted to get some opinions on this, its getting harder and harder to find deals out there that are in good areas.  

I've seen writing contests for properties but never a raffle which would (in NYS) be considered gambling (games of chance) and also involving US Postal service which gosh they have rules about all sorts of stuff you can/can't do via mail.