Can not go wrong with a rental in Ashburn since the rents have increased so much. 

One of the things to watch out with mobile home parks is the increase in lot rent.

While I’m open to both turn-key and fixer-upper properties, my preference leans slightly toward value-add opportunities where I can improve the property and increase equity or cash flow.That said, I’m also happy to consider turn-key options that provide immediate cash flow if they fit within my investment strategy.

But in smart buying, if someone has enough cash to pay cash for a property, they could easily stash a good chunk of that away to cover downed months and still leverage to increase the overall returns on their portfolio.

Went a bit heavy on the annual taxes due to the increase in the area the past few years.

Repairs ($5k): Increase to $10k for unexpected issues in a 4,000+ sq. ft. property.Total reno costs will likely fall between $180k-$210k, not $145k.

Pretty incredible how rapid the demand has increased in the past 12 months especially. 

if a property I buy and bring up to rent ready standards then starts cash flowing..." - it's not going to. 

Two main reasons being: (1) debt does not increase your basis in an S Corp, which means your losses get limited.

The state laws (do not quote me) appear to not let these companies increase rates (or its not easy) to pick up the losses.