Hi @Brian WongI can provide some ADU contractor recommendations in Los Angeles if you want to DM me. 

They often provide standardized lease agreements that comply with state and local laws.Additionally, many landlords use platforms like Avail, Zillow Rental Manager, or TurboTenant, which often include customizable lease templates that are state-specific.

These involve additional costs.I am not saying that there definitely is negative cash flow, but I will say not including known expenses is providing a misleading cash flow estimate.  

Can you provide some more context/numbers for your properties?

If/when you do move, renting your vacated unit will provide even more cashflow.

Quote from @Steve Lehman: @Jackie LiuFirst and foremost the information that everyone has provided has been great. 

I agree that rates have naturally adjusted with the rise in the Fed rate, and it seems like the 10-14% range may become the new normal for a while.I’m curious—what’s your outlook on how this rate range will impact new investors entering the market?

I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!

Did you underwrite if you would bring in investors (LPs) to help provide the down payment?

Connect with experienced investors, real estate agents, and financial advisors who can provide valuable insights and guidance.