But I’ve found that Killeen has one of the lagest military US base, A&M is attracting students and that Killeen is growing southward (the area the house is located.

Good, I'm not alone :)@AndyBauman   Thanks, but this won't be attractive enough for a partner.

It depends on the lender, but in general, no, it's not frowned upon at all.It mostly depends on the bank's comfort level with that kind of financing and their comfort level with you as a borrower.The more attractive you can make yourself as a borrower, the better.

I personally love parks for the same reasons why they are attractive to investor partners:  low end of the risk spectrum, stable cash flow, recession resistant, and the creative flexibility they afford me as the operator down at the park level. 

My area is quite expensive, are there any areas maybe in Arizona or Nevada that are attractive (Phoenix looked promising with their population growth and cost of living) that could produce more cash flow than my area?

Hi @Ryan Hanrahan -Cash buyers are attractive to sellers for two primary reasons:    1) ability to close quickly (think days rather than weeks)    2) fewer contingencies (no loan contingency and rarely an appraisal contingency)If you want to compete, keep this in mind as you are structuring your offers.To address item #1, you need to be aware that, depending on your market, VA loans may not be the norm. 

In that price range, you could definitely find some attractive properties around Germantown, Kenisgton, Northeast etc.   

Heh, I see this post has attracted a lot of good advice, some of which is very humorous!

It can seem attractive upfront, and certainly the banks want to convenience you of that (due to the fees added), but there are better, and cheaper routes to go with lending on a property with a $1M + loan amount.I'm a commercial mortgage broker so I deal with multiple types of loan options.

I got my license to access the MLS and reinvest in commissions.I'm trying to find a balance between being a new agent and programming as a freelancer.