This reduces the amount available for rent.

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

REOs always need wok, and many are overpriced for the condition and time being vacant.The low interest rates and the mortgage forbearance has reduced the volume of foreclosued properties, but as time goes on there should be more REOs hiting the market. 

In the long run, it likely will reduce my odds of having to do additional evictions.  

While we have not yet secured our first property, we have spent the last year+ educating ourselves, networking, driving for dollars, and substantially reducing our debt load.  

The examples assume that § 1.121-3 (relating to the reduced maximum exclusion) does not apply to the sale of the property.

The selling partner gets 10% more in reduced selling costs and the buying partner saves selling costs on their portion. 

In other words, it could reduce the max loan amount if the deal is too thin (not enough profit) for the lender's risk appetite.

I wish I could do more to reduce the power of the OTAs. 

So if you're looking for allergen friendly, I'd suggest you consider fragrance allergies as well.