It seems to me there is one extra person in the this equation....I would think if I'm paying for a lead that leads me to a deal I close, that lead should be with the actual seller and not another wholesaler if I'm doing all my own negotiations???

The land of a vacant mobile home pad is worth $0.The 60x (off city utilities) and 70x (on city utilities) multipliers of monthly rent are correct.The correct way to value a MHP is the lot rent multiple, plus the FMV for the individual mobile homes (not a multiple of their rent). 1970s 'beater' MHs might be worth $1,000 - $2,000. 2000-and-newer MHs might be worth $20,000 - $25,000.

Essentially a listing agent with list one of these short sales on the MLS to get the process started with the bank, I contact them and ask if their investor is willing to wholesale the deal, the listing agent gets an extra $1500 referral fee from me, and then the other investor gets a top wholesale fee without having to the rehab and deal with all of the issues associated.I think it would be a win-win-win for all parties if the investor is interested.

Another startegy is admitting LLCs as a member. 3 in one LLC and three LLCs as members in an parent LLC, this allows 9 individuals to participate in one LLC, this was blessed by my attorney.

There are several strategies available based on your specific situation Re: depreciation, It really depends on your individual tax situation.

4)If we move a property purchased through an individual loan and then try to move it under an LLC, do we need to pay transfer tax?

No complaints, no reason to do extra work.

The extra time finding a tenant upfront will result in less headaches and possibly a long term tenant.

We only made $13k on that house and I split the profit w/ my partner...I probably spent 120 hours just doing manual labor + management of an extra 10 hrs a week during the rehab...so around 200 hours... $6500/200=$32.50 per hour....not bad, but not enough to quit the day job!

Have you considered and evaluated the prospects for converting the utilities to being individually metered per unit and then paid by the tenants?