For example the place will be $600K and generating say $40K in revenue??  

Only work with buyers who’ve shown proof of funds and ideally some local track record.If you do connect with an investor or group that seems solid, get everything in writing — especially around them not marketing the property without your permission, to avoid random foot traffic or wholesaler chaos. 

@Kenya Glenn You're asking the right questions, and mobile homes can absolutely be a smart entry point into real estate, especially for a grad student aiming to build generational wealth with limited capital.

That curiosity and drive to understand the deeper mechanics of real estate will serve you well as you build your portfolio.If you’re focused on generating cash flow and long-term wealth, you might want to explore turnkey rental properties in strong cash-flowing markets like the Midwest and Southeast.

Cash flow, long-term appreciation, generational wealth for kids, diversification, etc.

Let me add some new wisdom to this.Try not to see social media as "just another channel to try my luck".It is not a separate thing, especially doing SEO or paying for ads.When it comes to lead generation, it is not (just) about generating that lead.

@Peter Schiff In Tennessee, 1031 exchanges do not defer the state-level excise tax, even if they meet all federal requirements.What to do:You or your CPA should review Schedule J of the Tennessee excise tax return to correctly report the gain.Don’t assume your federal 1031 exchange documentation protects you at the state level.It may be helpful to work with a CPA familiar with multi-state real estate taxation, especially if the replacement property is in another state.If you'd like, I can help you generate a planning strategy or draft content for clients on how to handle Tennessee excise tax in 1031 scenarios.This post does not create a CPA-Client relationship.

The decedent’s name is usually listed, though the filings don’t always indicate whether they owned real estate or give a full address—so some digging is still required.What I’d suggest is hiring someone who can consistently go to courthouse and write down all the missing information by reviewing these filings for you (say, every two weeks), and you pay either per lead generated or a flat fee per batch of filings.

I want to share a strategy I’m using to generate cash flow in today’s high interest rate environment.

I don't have a specific neighborhood in mind, but prefer safe and higher rental income generating neighborhoods.