that is more a RV park. the MBH parks down here. we typically own the land, lot, and trailers. there is a reason but long story short, if i just own the lot and they dont pay the fee. i do not have the biggest teeth to push the need for my money. but if i own it all, my experience says it is a better path

If have investment property, we are looking for relatively updated units (we are ok doing some work ourselves), class C+/B tenants, with rents either close to market rate or that can be increased.

What is the cap rate?

Do the numbers make sense with each and all interest rates? 

After all the fees from closing and paying back the interest on the private loan my new loan was at 335k.

@Robin Simon I completed a refinance with my credit union at terms of 3/30/75 @6.85% I will have the renwal in 2026 and hoping rates come down a little by then.

Retail real estate in the area will also get a boost: occupancy rates should climb as national and local retailers vie for space in or near the development.

Once refinanced the property will be stabilized but still may see slow/low distributions because of cap rates and interest rates.

The properties looks good in 2020 when they were 515 and interest rates were 4%.

2) If you do owner-occupied cashout refi for best rate, you technically have to live in the home for 12 months before renting it out. * Some responders here may suggest not worrying about that and renting it out anyways.