Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

There was positive population growth, medium home price growth, low unemployment, good rent to home ratios, and low crime, all of which are factors when I start looking into an area to invest in.  

Purchase price: $161,000 Renovating now What made you interested in investing in this type of deal?

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

Quote from @Kwanza Price: Hello, I just upgraded to PRO.

One meter reading for all usage or like some small communities a set price for each occupied home?

No kidding this is as simple as it gets.. just advertise that you accept shorter term leases and riase your price.. we have been doing it in Vegas for years..

I wanted to clarify that $2m was the collective asking price.

This is the difference between the loan amount and the purchase price.

In my experience tenants on the lower end of rent tend to cause more damage than higher price tenants.