I now also offer limited service where I do the guest communications, marketing, and pricing. 

We put it on the market at $3M but never got the offers we wanted, it was during the holidays and when rates were skyrocketing.

Since you haven't started the project yet, use this time to network with lenders to see who offers the best terms....seasoning, rate, leverage and pre-payment penalty terms. 

Worst case scenario you have to offer a small rent concession, but now you know where the market is.

@Brady Ascheman - No, if you are not offering the guests services that add to their convenience then there is no SE tax.

Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?

By focusing on cost-effective improvements, investors can significantly enhance property value.By first Identifying which renovations offer the highest ROI—typically kitchens, bathrooms, and curb appeal. 

I am new to the world of real estate investing, and I am eager to learn and grow alongside all of you.A little about me: I have always had a passion for real estate and the opportunities it offers.

If you're considering mobile homes, the first step is checking zoning laws and utility access since some areas have restrictions.For resources, Mobile Home University is a well-known starting point, and local mobile home dealers can offer insights on placement and financing.If mobile homes are allowed, you could either rent them yourself for higher returns but more management or rent out the lots for steady cash flow with less work.

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.