@Jennifer Sowers, do you know if the modular home is classified as a mobile home? 

I believe getting out by year 4 has a lot more to do with the IRS requiring you to show a profit for 2 out of every 5 years, otherwise, the business is classified as a hobby and you cannot claim expenses on your return than with being "tired".

The only thing I don't like about Figure is it's reported as revolving debt (grouped in with my credit cards) so my credit utilization goes way up (except for with Equifax which classified it as a mortgage loan).

Some banks and private (DSCR) lenders will shy away from whats classified as "first time investors" or throw some restrictions on there, but there are BRRRR lenders out there that do not discriminate on experience

You get access to the calculators, classifieds, and all the past webinars.

Same answer as before, as long as we classify it as a business, we shouldn't be concerned about losses - because it will off set the other income.

Here in the Myrtle Beach market I've developed relationships with several community banks that are adept at handling our oceanfront properties, the majority of which are classified as condotels. 

Maybe if it classifies more as a B- I would be more open to this, though, I don't know your specific market.Refer to my #3 from earlier.

@Malinda GibbonsYou need one bank account for each entity for operations and an escrow account if you take security depositsIn your accounting system you can classify the assets and run p&l for each oneIt’s way overkill to have that many accountsYou are just adding work for your business which takes time away from you doing more for your business

Luckily, I found out that the home was classified as a historical home so we were able to recoup our money and actually made a 32% ROI What made you interested in investing in this type of deal?