I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

and NO, I am not part of the 99 percent of bad wholesalers who will be out of business as you implied because I have a huge network of direct buyers.

My go to for lowest hassles, taxes and  transaction costs are Lease Options or selling directly to the renters. 

Quote from @Frank Chin: @Matthew SpiegelSome years back, I used to go to the local building or planning departments, and get the information from the local offices directly.

You will only be entitled to the deductions directly tied to the property, such as interest, taxes, insurance and maintenance. 

That would allow you to dock their security deposit more than just for the prorated rent for those few days.

Would have been a good title for a forum thread for people looking to do direct exchanges.

Quote from @Laura Morlock: I have an opportunity to purchase a very beautiful and unique property - striking century manor house directly on the river, 1.5 acres, huge detached garage/workshop, in a quaint little town 15 mins to two major cities and a little under an hour west of Toronto.I know the property inside and out, it's turnkey, and I would love to own it, but I don't know what to do with it.

Mine are still young where I don't want to force direction but rather see how they react to things.

I know this is a very general "well it depends" question, but I'm just hoping for some general advice and direction.