Caleb, Benjamin, Cory, and V.G Jason - thanks y'all! those were some great questions, perspectives, and insights that really helped. I've been reading a lot to understand where to start in my investing journey and I felt unsure why I was so uneasy with this deal, thank you for the gut check.
to answer your questions:
1. No, I don't have a local PM so that would have added another unknown variable and expense
2. Though i would not mind a local house hack, my partner would not be supportive.
3. Attracted to it bc of the price, and I'm interested in properties in Natchez, MS and Vicksburg, MS and some in Louisiana. This one was close-ish to Vicksburg. Based on all the books I'd been reading, this seemed like it should qualify as a "good deal" but I was not convinced it would apply to manufactured home which led me here.
4. I am managing these from the NCR where everything feels incredibly expensive.
Thanks again for your kindness, patience, and for helping me learn.
5. I do not have an underwriter, just figuring it out on my own. But I like the idea of finding someone to help analyze and assess risk! Do yall have any recommendations?
