Purchase price: $150,000 Moved mobile home on bare land What made you interested in investing in this type of deal?

@Brett BurkyThank you for noting I made a good point - see even a blind squirrel 🐿️ eventually finds a nut.To original poster - I tend to be brutally honest at times so happy to share my opinions on anything you are looking at

There are a lot of groups out there right now that had made-for-TV track records that will likely not be in business in a couple years.Focus on the experience of the team, how long they have been in the business, how many market cycles they’ve survived, their philosophy on leverage, and how many properties they bought in 2022/2023 (a good answer would be few, a great answer would be none).And do yourself a favor and read The Hands-Off Investor (in the BP bookstore) before you invest a single dollar in a syndication.

We've been communicating quarterly on the property status, but a simple search on Zillow made me think he's lying to me.

The REFINANCE part of the BRRRR strategy is broken with changes that Fannie/Freddie made to their cash out refi policies end of last year.

That works much better at 50+ unit properties.I have made the decision to invest exclusively in SF homes a long time ago, because it requires the lowest amount of management and provides the highest revenue per unit.

You made no other point in your response other than you got away with doing it.

Increase Your Cost Basis: Document and include the costs of significant improvements made to the property in your cost basis.

I've made a few offers in the last few months on very distressed properties, and I keep getting outbid.

I suspect I (my lawyer) would have gotten this rectified in a week or 2.I am glad this seems to be getting resolved but this was via a fortuitous connection made via this post.