When I say cash, or lines of credit, I base that on many of the properties in the Midwest being below much of the loan limits out there.

Newbies now are able to create a good looking website, flexible enough to have content presented in a number of different ways, without having to go through a time-consuming learning process (you know how difficult and challenging HTML can be).In fact the default installation of XSitePro itself is packed with hundreds of good looking website templates to get you started.The templating system in XSitePro allows you to build websites with either a left side bar column, a right side bar column, both side bar columns and no side bars at all.This may be a limiting feature to a number of new web designers.

What I mentioned was a database of the "financial" newspaper for the county.When things are required to be published, as you spoke of, they have an option of which newspaper(s) to use.A database of the newspaper that the selling entity uses to advertise their tax sales in would be useful to those of us looking for any sales list.It would also limit our having to search through all the thousands of legal ads in every newspaper in the county/state.It would also be very interesting to find out how many of those newspapers are online.

We were paying $500 per application and 2.0% of total amount.

Not just taxes and insurance, but property management (if you do it yourself, you still need to be paid so include the expense), utilities, vacancy allowance, capital reserves, administration expense, advertising, paroll (if applicable), etc.Also, the 100 year flood plain concerns me.

Finding a cleaner is the challenge in a market where (as you experienced first hand) has a limited supply of persons looking to work.

Some clients save thousands of dollars a year with a Solo 401k compared to a self-directed IRA.Here are a few of the Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.

I say this mostly because it sounds like you are working with limited capital, so it would be wiser in my opinion to start slow, and keep some reserves instead of simply buying the most number of units you can under FHA right away.

I've done several mobile home deals in parks and in my experience, park models should be avoided. 1 bedroom homes, whether stick built or mobile, have a limited buyer pool.

Some of these will be no shows.If I have a tenant that is taking care of place I will likely show house while they are there.If they are slobs or place needs stuff like paint ot or repairs I will not advertise till I can take care of these so house will show well.I routinely use resident research.com for background checks but you Zillow offers online applications for $29 to the tenant.I turned this option on last vacancy and it worked really well.I told anyone that wanted to apply to go to Zillow and do so.