I don't agree with not having skin in the game.You are borrowing other people's money to get involved in real estate or oil and gas.If you don't pay the note, they will take the property / investment away.

I think that's a great way to go about your goals; by getting some experience through a few deals and then eventually getting involved into larger ventures like mobile home parks.

If a lender is involved, closing in your personal name is often simpler and cheaper, then you can transfer to an LLC or land trust later if allowed.

I’d love to hear real experiences — the good and the bad — especially from other out-of-state investors.ChristopherIn my opinion the first question should be how involved do you want to be and what are your investing objectives.

Do you have desire to be hands-on or less involved?

A 50K rehab generally takes him 6 weeks depending on what all is involved. 

So it’s important to make sure your screening process is compliant with fair housing laws and is based on objective criteria like income (including voucher amount), rental history, credit, and references.There are pros and cons to working with voucher tenants:Pros:A portion of the rent is guaranteed by the housing authority, which can help with consistent cash flow.Many tenants stay long-term, which can reduce turnover.Considerations:The unit will need to pass an inspection, and you may need to wait for approval before move-in.Rent increases, lease changes, and eviction processes often involve additional steps and coordination with the housing agency.As others have mentioned, having a consistent screening process is key.

This may involve adding ductwork, installing a separate HVAC unit, or using portable heating and cooling units.5.

Twice I got voicemail and left a message and neither one was returned.I am interested in exploring what is involved in renting the lots to mobile home owners, but I need someone to coordinate it with and to answer my questions.

Especially if you are involved with cleaning and stocking, ect.