If you aren't committed to doing at least 10 houses, that is unfortunate for you.      10.

Thanks Andreis,As this was a cash purchase I do not have a existing loan.

If career goes as expected over next ~5 years, this will be income floor, with average/ceiling being much higher.Assets: $70k investments (primarily retirement accounts), $50k savings account.Timeline: I like this area, and am committed to my role/team/company.

If career goes as expected over next ~5 years, this will be income floor, with average/ceiling being much higher.Assets: $70k investments (primarily retirement accounts), $50k savings account.Timeline: I like this area, and am committed to my role/team/company.

If career goes as expected over next ~5 years, this will be income floor, with average/ceiling being much higher.Assets: $70k investments (primarily retirement accounts), $50k savings account.Timeline: I like this area, and am committed to my role/team/company.

We purchased a tear down home and removed the existing property and replaced it with a manufactured home that needed TLC.

We purchased a tear down home and removed the existing property and replaced it with a manufactured home that needed TLC.

We purchased a tear down home and removed the existing property and replaced it with a manufactured for $400,000, Invested $50,000 and sold for $600,000.

You have to know your local market and your state regulations (if any exist on rent changes). 

If there is a mortgage you can still buy Subject to the existing mortgage.The owner leaves his mortgage in place until you can refinance and pay off his mortgage.