Rent must be 1-1.25% of the mortgage, an appraisal can also come up with whats the fair rental market on similar properties in the area, is the same as doing a comp on the ARV but on rents. 

Hi all, Trying to get an understanding of the step by step process for the rehab component of the flip.

One of the main points it attempts to drive home with appraisers, is that each appraisal assignment is unique, and each assignment must be tailored to serve the valuation problem at hand and as a component of the valuation problem, the expectation of the user/client.

There are 3 major components to buying rental property.

The magic is when all components are hitting on all cylinders (great location, operator, business type, parent company corporate support, etc.) 

All strategies can make a lot of money, but the key ingredients missing in the 1-4 family strategy that you have set out is that there is no value add component and no large scale. 

While MHP Parks can be a cash cow you have to make sure you buy right, and that there is an add-value component.

Like ANY property class, there are only 3 components that have to be done right to make it work:  Acquisition, Rehab, and Management. 

All strategies can make a lot of money, but the key ingredients missing in the 1-4 family strategy that you have set out is that there is little no value add component and no large scale.

@John Mitchell hi John, I have a fourplex in the Peninsula, a couple of Airbnbs in the Valley and a few commercial properties elsewhere in NS.Prices seem high right now, vacancy low, and inventory scarce, so in my opinion combining a house-hack with a short-term rental component would be a great way to get into the market, gain equity & experience.