I also consider this entire Arbitrage / master lease as passe'.

From what I’ve seen in Forbes, the infromation on market trends can also help pinpoint the best neighborhoods.One last piece I’d consider: do some legwork on rent comparables in the area so you’ll know your break even numbers from day one.

For less risk, consider hard money or a business LOC.Remember that LLC might help in tax savings if you are going to have decent profit.

Wouldn’t this be considered being a broker which requires a brokers license?

Qualified applicants that get priced out of rapidly improving neighborhoods will move into these areas but it seems like they aren’t biting.High quality, lower income applicants aren’t stupid and they won’t settle.If you think this area is a losing proposition, I would think about selling and not banking on hope.In regard to vacancy, I don’t consider any area that has average occupancy (economic and physical) below 95%You might pay more for a better area but time will treat you right and you’ll make a ton of money in equity over the long term.

Any properties you’d consider swapping out for higher-yield options?

That said, depending on your business, you can definitely get creative with tax deductions for your RV or boat.One thought—it’s too bad you’re not considering the RV as your primary residence.

So far I am basing it on customer service.

@Samuel HudsonYou could consider being an owner occupant until it’s rent deregulated though you’d have to confirm how long you would need to do this as I believe the rules recently changed.You could look into turning into condos.

All of the comments are spot on for things to consider.