If you're self-managing, having a reliable team of cleaners is essential, as a spotless property leads to great reviews and repeat guests.

If REI boils down to one principle it is "buying right."

But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

Having the right team in place is essential for making informed decisions based on solid analysis and expert advice.Good luck!

Expenses are essentially overstated, even though the P&L is correct (when I download transactions from the bank, it allows me to tell which account on the COA I want the credit to post to, but the Expenses screen doesn't update).Journal entries also don't show up on this screen.

You also have options like 30 Year Fixed, 30 Year 5/6ARM, 40 Year and Interest only (maximizes cash flow).You are essentially acting as your own bank by using the equity and selecting the best rate/term to benefit cash flow.

Overall Cost-Effectiveness: Is there any real financial benefit to taking this route, or is it essentially the same as just selling?

The 2nd reason to stay away from park owned homes, is that you lose the advantage of the MHP, which is essentially a trapped tenant, because they own their house, and they cannot move it, you have a guaranteed renter. 

Essentially what commissions are owed? 

So essential he just made a 10% return on his 100k for example if he let me borrow 100k.