If you are going to finance your rehab then use a LLC to purchase and a rehab lender for financing. 

Given the current NOI of $19,440 and a reasonable cap rate of 8-10% for a park with park-owned homes and septic systems, a fair price would range from $194,000 to $243,000.

Hi all, I've been on BP since 2014 and a multifamily investor since 2019.

It is much better to hit a single or double with the rehab and a triple or home run on the STR.im Josh and I buy more STRs in the Tampa/StPete/Clearwater/Largo/Seminole area than any other agent the past 2 years.  

Myself and a friend are looking to get into investing in buying hold single-family homes.

If I find out where they live next, I'll send them my contractor's bill and a small claims court paperwork.

And a few from 0% interest for a year credit card loans too.

We have another park with a free space rent manager and as we have raised the rents he continues to live there for free. 

Since you have work history, if you get a job with salary income and a credit score above 640 (680 realistically), a conventional cashout refi is within reach as soon as you reach those metrics.

Jorge Newberry is the principal and a very good guy from my experience.