It's also another reason I could think of a lot better places to put my managed money than in REITs, especially those that are catering to Class C or below tenants. 

In a nice suburban neighborhood a large bathroom with a standalone tub can add a lot of value, but the addition of a second bathroom is also important.Do you have an option of making a slightly smaller master bathroom and having a half bath or smaller bathroom with shower stall in the other bedroom? 

The mobile home can "Never" be from another site or piece of land only from the manufacturer.

I would MUCH rather pay hourly for my pm instead of a % of rent.

Class A- Brand New buildings with lots of amenities, good infrastructure & locationClass B- Building are usually older; priced less than Class A & need some updates/restorationClass C- Oldest buildings (20+ years); need significant maintenance; less attractive locationsWhere things become subjective is an older building located in a neighborhood that's changing for the better. 

Hi John,No cap on the amount of DSCR loans you can get.

It would be mainly rented to alumni, parents of students and people exploring the area by the University of Florida.  

I do all of this remotely, so I use the above process to filter out 90% of the properties and then send the other 10% to my local team for verification.

However their internal business systems leave a lot to be desired and have really messed us up. 

Of course we wish you the very best of success with this investment.