Getting the strategy for subsequent purchases set up before making the first purchase is VITAL.

Hey Bigger Pockets,This question for you all is simple: How do you QUANTIFY areas of a city that are experiencing gentrification?

I've done this a few times, and in retrospect, I probably should have just waited for the seasoning period and just done a traditional cash out You can pull more equity that way and the process is more simple.  

Mold or mildew should be tested and source the problem, its usually a simple exterior fix and remediation of the damaged area.

Also, you can not get a loan like what you are doing with an LLC, it is not that simple.

It's that simple. 

Simple we got ride of the trouble makers.So what you are up against is the preconceived notion that mobile home residents are problems waiting to hatch. 

Don't care how simple it sounds, I use a Real Estate Lawyer.

My math is simple: 1) Gross Schedule Income - 7% vacancy - 50% Opex - loan payment = cash flow (I'm expecting 100 dollars per door)                              2) NOI (adjusted form realtor with the above criteria) / 8% cap rate (Florida market).     

The biggest time waster for me is I have to drive 3 hours there and back to do simple things like showing the property to prospective tenants and showing up in court for evictions.