Usually, older mobile homes get grandfathered into any new rules and regulations with the city and/or county.

It is best to establish a 3rd party servicing company to oversee these payments as you do not want to send this money directly to the seller as they may not actually make the payment and then you could see your house foreclosed on by the lender.

Would you mind sharing any advice or experience that you have with paying Property Managers a commission for their workWorking for same brokerage for 5 years as a 1099 Property Manager with established properties..

Keep in mind though Timber is highly regional when it comes to Harvest regulations , Growing cycles , Species  U have hardwood and softwood.

Consider short-term rentals: If local regulations allow it, converting one or more units into short-term rentals via platforms like Airbnb can increase your revenue per unit.

Your next contact, is laying the foundation, often detailing the "problem" and establishing as a problem solution provider. 

In terms of the loan(s), I currently have a steady and competitive W2 job and very low DTI, however I’ll ensure to verify the rules and regulations for rental income when shopping lenders, so I don’t hit a roadblock when buying the next rental. 

Im curious about how the successful private money lenders have established terms that have been win-win for you and your lenders.

You could find a partner to help establish an LLC that rents out your property long term, then subleases on a short term basis (master lease is one that is designed for subleasing, it is a way many people pick up STRs without actually purchasing any property, they just find owners who are okay with them subleasing on a STR basis). 

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.