Isn’t the advantage of MHP ownership the fact that you own the land (pad sites), have limited maintenance and limited management, and that tenants tend to be long term because mobile homes are costly to move? 

Sadly many sellers and agent think the inspections are way harder than they are.The termite report is cheap, less than $100 and anyone can pay it.Please give these vets a chance for home ownership.

Most lenders will require any partner with 20% or greater ownership to be on the loan docs, but I have seen occassions where lenders pushed that requirement down to 15% or even 10%.

When you break down the numbers by individual properties using the first purchased property as a templated for the additional properties purchased however, you will notice that the numbers being used in the example are not scaling correctly.It took me some time to figure out why the numbers were not scaling and adding up correctly but I finally believe I at least partially figured out why the numbers didn’t add up.By the end of year 3 the 3 properties are owned for the following lengths of time and reflect the correct numbers associated with that length of ownership (loan balance, equity, property value, etc).Property A - owned 3 yearsProperty B - owned 1 yearProperty C - owned 0 years, it will be purchased at the start of year 4But by the end of year 4 the properties should reflect the following years of ownership with their respective numbers associated with the years of ownership (loan balance, equity, property value, etc).Property A - owned 4 yearsProperty B - owned 2 yearsProperty C - owned 1 yearHowever the summary total numbers that were provided in the book for all 3 properties at the end of year 4 did not add up correctly.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

There's very recent research from Viceroy Research showing one lender has their weighted-average loan DSCR is now 0.61x ........If private lender itself is collapsing who is going to have the ownership of the apartment ?

They are offering a part ownership in two large grocery store anchored strips in the NE.

There are a lot of extra costs that go with home ownership-property taxes, repairs and maintenance, etc. 

For this reason, it can often be tricky to try to retire, or otherwise count on your cashflow to live off of during the first few years of ownership. 

And also, pricing at 7% with that low of a FICO is highly unlikely, unless I am missing something here@Robin Simon I'm not familiar with the quote but confirming our minimum FICO currently is 640 however if there is a partnership (multiple full joint and several recourse guarantors) we currently take the higher of the two median FICOs if equal ownership % Also - 7.625% is certainly in our ballpark currently - doesn't seem unreasonable with our rates right now!