An example of that is tenant must pay for additional electric over flat fee / flat limit since now there is 2 occupants in the home instead of originally one.

I recently became aware of a very cheap property (roughly half of after repair value) and upon looking at it in person I found out why it was so cheap: there is severe cigarette damage throughout the 1st floor (baseme...

Instant equity creates a margin of safety.

I find that depending on the market $300-500/mo are fairly normal and if compared to what you would pay with a single family home on some utilities, maintenance, and management, it's a good deal.

To access your home equity without selling, you can explore options like a home equity loan, a line of credit (HELOC), or a cash-out refinance.

Than learn with that safety net until your ready to take things back over to self-manage again. 

It is a mobile home and I was able to get seller financing for half of the purchase price. 

@Frank Pyle yeah, this is pretty normal and the type of home you use isn't of consequence. 

If you buy in a vacation area there really is no safety net other than desirability/location…I guess just don’t pay up too much.  

It's now been 7 years since our fire and cookie-cutter neighborhoods are about 90% rebuilt, custom home neighborhoods are about 75% rebuilt, and luxury homes about 50% rebuilt.