@Nathan BrooksIn my experience, connecting with like-minded investors in Richmond can be done by joining local groups like the Richmond Real Estate Investors Group (REIG) and checking out BiggerPockets Local Forums.

And don't forget to factor in design/furnishings into your budget keeping in mind your ideal guest avatar.    

Your mind is in the right value add space but this isnt a deal. 

I’m still new to BiggerPockets and looking to connect with like-minded investors.

@Nate Jenks one thing to keep in mind here that it would be pretty hard to take any equity out of this property after a year. 

I'll keep you in mind for the work mentioned on your site.

But here’s something to keep in mind: when you sell a property, you usually have to deal with depreciation recapture, which is another type of tax.

Keep in mind, the region is immensely sought after, leading to notably low capitalization rates.Positive cash flow from a rental property becomes challenging; however, there remains potential for substantial returns through appreciation.

Will definitely keep this all in mind as I move forward.

I'm sure another savoy investor will chime in and change our minds, but that's my understanding of mobile homes.