Albemarle county tends to have pretty strict regulations when it comes to zoning and building.

In the current market environment, finding a deal that cashflows on day one is challenging.

Usually, older mobile homes get grandfathered into any new rules and regulations with the city and/or county.

Are BOTH the condenser and evaporator being cleaned often enough based on local environment?

If there is an environment created that can be construed as a hostile relationship, in most cases you will be the one who loses.

In terms of the loan(s), I currently have a steady and competitive W2 job and very low DTI, however I’ll ensure to verify the rules and regulations for rental income when shopping lenders, so I don’t hit a roadblock when buying the next rental. 

Consider short-term rentals: If local regulations allow it, converting one or more units into short-term rentals via platforms like Airbnb can increase your revenue per unit.

It does come down to your goals, your time to allocate, your business sense, your ability to bring or raise capital, and what you are trying to accomplish.I am personally not a fan of short term rentals, as it appears regulations in many cities keep making it harder.

Support Calculated Risks: Great leaders support team members when they take well-calculated risks, fostering an environment of learning and forward-thinking.9.

Ensure your attorney is well-versed in lending regulations and set up a strong legal framework.