On the flip side, multiple MTR/STRs in other areas could yield higher cash flow, especially in tourist-heavy or affordable markets, but managing dispersed properties can be challenging, with considerations like vacancy periods and potential property management costs if you opt out of self-management.

An in ground oil tank for instance can be a considerable liability. 

Probably considerable enough to offset any perceived gain in paying off the loan.

There are two primary reasons for this: 1) The number of gig workers in this country has increased from ~40M in 2016 to +58M in 2023. 2) The number of illegal immigrants in the United States is estimated at 11.5M (varies considerably by source). 

Most times you are probably talking septic systems (otherwise you are in town where things are much more likely to be restrictive (zoning, ccrs, limits on how old units can be, etc)there are considerations for used mobiles that you may not think of initially- , such as for example securing insurance being difficult or near impossible in some cases if the home has been moved more than once.I'd love to hear more input from any others who have dealt in used manufactured (single and doublewides, HUD, made after 1976).

So just take that into consideration with the purchase

@Matthew T.After considerable research on the matter a few years ago when we maxed our ability to manage on spreadsheets, we went with Lendingwise.

Consult with a lender before transferring, ensure property insurance, and discuss legal and tax considerations with a real estate attorney and tax professional.Good luck!

You have to go to other smaller markets in Florida to have a better selection, but pricing is still considerably higher than Detroit and your tenant pool will be smaller.

Finally once you have made the macro considerations then you can use the spreadsheets to analyze deals and scenarios which there are multiple templates online, or find an agent that will do that for you.