Our team buys the properties and converts them and manages them so it has been a great learning experience seeing all three phases from taking down a project, renovating the building then managing the lease up.

Purchase price: $3,636,000 Cash invested: $700,000 This is a brand new 40 home build to rent manufactured housing community.

@Robert Ellis Since you mentioned panels, have you looked into SIPs at all for your builds? 

How to Track Regulatory ChangesStaying up-to-date might seem daunting, but the right strategies and resources make it manageable.Key Resources:Local Government Websites: These often publish updates to zoning, rental, and housing codes.Real Estate Associations: Organizations like the National Association of Realtors (NAR) or local landlord associations offer regular updates and seminars.Newsletters and Blogs: Subscribe to reputable legal or real estate blogs for insights into upcoming changes.Professional Advisors: Build relationships with real estate attorneys and property management professionals who can provide guidance tailored to your market.Pro Tip: Set up Google Alerts for terms like “rental law changes” or “landlord regulations” in your area to receive real-time updates.3.

Is the real estate an apartment building or single family?

Just to be crystal clear with everyone:I bought my house in July of 2016 for $350K, the mortgage was $315K.I started this strategy in May of 2018.December of 2021 my balance is $190K.I'm building equity very quickly and I have not touched my savings, stock investments, sold properties, received a lump sum from the lottery or inheritance or anything.

I have been a Building Contractor for over 30yrs.

@Josh H. it sounds like you have experience, you know your numbers, and have confidence. 

You will build up cash on a monthly basis that could be used to invest other places either rental properties or the stock market. 

Another thing to think about is what kind of turnover you have, what condition the building is in.