I got interested in real estate after reading Rich Dad Poor Dad and it blew my brain and completely changed my perspective on money and my possibilities.

My team currently has multiple projects underway throughout the Salt Lake Valley.

From an owner perspective, that does not want to deal with an STR it may be good.

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

Quote from @Lorraine Hadden: Quote from @JD Martin: Interesting perspective - I have always represented myself in deals in the state where I am licensed.

I did see it and scheduled the sprinkler installation but heard they are now requiring additional improvements that weren't originally discussed like multiple egresses, changes to pool room doors etc.   

Also the distressed seller is selling for 110k and the prop is valued between 170-200k on multiple sites.

Tommy, are you asking for perspective on currently listed properties or looking to partner with someone on a purchase?

Meaning, automatically turn on power when a tenant leaves...Or, is this to difficult with multiple power options.

It has been discussed on this forum multiple times, you can search the forum for earlier threads.The reason CPAs disagree is because it's somewhat controversial, especially between accountants who do NOT specialize in real estate.