The monthly cost is high, but we currently are cashflow positive about $1,200 a month.

Use tools like the BiggerPockets calculators to run the numbers and ensure the properties align with your investment goals.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.

They are short term loans, usually 6-12 months, high rate, interest only payments. 

In a climate like this with high rates, probably better to use a Heloc so you keep the lower rate of your 1st lien.

@Cole Bossert I think @Sarah Kensinger and others have touched on the biggest qualities, especially communication.

And DIY repairs are not recommended for other reasons: it will take you much longer to complete, depriving you of rental income, and you run a high risk of your wife becoming your ex-wife.Same risk exists if you push your wife into becoming a Realtor or some other real estate activity just for the sake of tax benefits.

Look for properties with high cash flow potential, good condition, and room for improvement, such as value-add opportunities.

Talk about aiming high, right?

I have an off market opportunity. 30 pad trailer park, only 19 trailers currently on-site 17 with MTM tenants. Rent roll was ~$8K last month. They are looking to get $500K for the park. 16 of the 19 trailers are park ...

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.