We have been a quality fencing company for 5 years part-time, and just announced this year we are going full-time with it.

As long as you're willing to make sure you have good, quality properties, Section 8 can be a good way to go!

I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?

If the Transunion report verifies everything, and they meet my other criteria (credit scores, proof of income, background and eviction checks...) then we are good.In my 15+ years at this, I have found a very strong correlation of credit score and tenant quality.

My market has been a poor initial cash flow market forever.  

I tell people all the time: if you can't find a quality PM in a market, don't invest in that market!

Maybe we got lucky in that department, or maybe it was just a quality built property.Happy New Year and best of luck in 2025. 

As a retired CPA, I saw plenty of tax returns by these firms that clearly were done poorly. 

Last year I re-read Rich Dad Poor Dad, and I've immersed myself in learning more about real estate investing ever since. 

A warranty can bring peace of mind, especially if the tenant values quality and reliability.Here’s our rule of thumb:For budget-friendly rehabs: Used appliances from a reputable source can be a smart choice.