AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

The building is small (1200 sq ft) but it has a charm with the vaults that I think could be rehabbed into a thriving business.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Im sure the cost is a hard pill to swallow but try and keep your eye on the long term prize of making $ on a thriving STR biz.

What they fail to realize is that if they don't have the IQ or EQ to thrive at their day jobs, they are going to be equally miserable at Real Estate. 

To thrive in real estate investing, you must maintain a firm grip on your finances.

To thrive in real estate investing, you must maintain a firm grip on your finances.

With a thriving tourism scene and steady year-round visitors, it’s perfect for short-term and long-term rentals as long as you are choosing an unsaturated asset class.

Real estate is a relationship-driven industry, and learning from others' experiences will accelerate your success.This combination of strategy, education, and action will help you grow your $80K into a thriving real estate portfolio while ensuring financial security for your family.HOPE this helps!