Quote from @Katie Camargo: Recently closed on an older property that needs some updating.

It was nice because it had a new roof and some newer updates.

Quote from @Fred Scott: Sunrise Capital Investors - Mobile Home Park Investment FundI've seen a few posts about them here but none of them actually talks about what the actual annual returns have been.They are advertising heavily for passive tax deductions which is fine but what are the actual returns over a period of (say) five or ten years?

I suppose I could update it to work on real estate, but I am no AI expert.

I noticed the market was shifting, so didn't run to get under contract until day 43 of the identification period.

The heating system, while straightforward, wasn't cheap for my 3 unit and will have a longer payback period. 

I tend to ask the same questions multiple times over a period of time to see if I get consistent answers.

Our 275 sq ft furnished garage should rent for $1600 - $1800/mo and the only extra fees compared to long term is $99/yr to post on furnishedfinders.com. ...I should have this finished by the end of next month, so can keep you updated on whether this plan works and what we rent for. 

When a rental is taken out of service for personal use the accumulated depreciation goes away over a short period of time. 

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.