Open Question: Can we move a mobile home onto this property?

Ok, I'm in the UK and I' m sure everyone knows about the credit crunch by now. I wanted to invest in property but it's proving VERY difficult to find a mortgage right now so I'm almost giving up. I have tried to look for buy to let mortgages but that means the property would have to be worth about £100 000 which is ok, but the rental figures are not stacking up since the interest rates are so high.
So I am stuck with £20K in my bank account and only will power is stopping me from going shopping.
I have tried to look at overseas property but I'm not sure if buying in Cyprus or the US is the way to go. Florida right now looks good with prices having fallen by almost 50% on some developments, but I am still unsure what I would get back. I cannot lose the capital.

I recently saw something in the paper about investing in Oil, does anyone know more about it? Would I lose my money? Is it high risk?

What other ideas? thanks in advance.

Open Question: Buying 1st Home and Private Mortgage Insurance (PMI)?

Question... I'm purchasing a home from a family member and do not have 20% to put down. Since i'm purchasing this home under the value of the home (basically i'm getting a discount from family) is there anyway to use the difference between the value of the house and the sell price as the 20% down? Basically like there was equity built into the home with the discount.

I'm sorry if i'm not making too much sense. Hope someone can answer my question. Besides the obvious "contact your lender for the answer"

Open Question: Can we move a mobile home onto this property?

My parents have a very large lot with their home, and have offered that we could move a trailer onto the property if we end up selling our house, which is currently on the market. We are interested in the idea, but are wondering if we are allowed to do this. Where they live does not have zoning and allows trailers, however we didn't know about the legality of hooking our trailer up to the systems of their house - you know water, sewer, electric. We don't want to have a seperate sewer drilled or anything, because this will be temporary until we find another place to buy. How does something like this work? Also, they still pay a mortgage, and I'm not sure if that matters at all either. Any help would be appreciated!

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