Either way, clear communication with the guests about who’s managing the property is key to keeping reviews and satisfaction high.Permit Timing:The permit delay makes things tougher, but if you buy the furniture and keep future bookings, you might be able to use that time to update décor piece by piece without fully shutting down operations.

It would lead to less conversions, just keep that in mind.

One of our parks is 60% POH and in my experience the only way that park pencils as well as it does is to get through all the major repairs, get the homes 'right' and then keep them 'right'. 

Simple solution to that- don't run slums, keep your properties in good order. 

Historically, Charlotte has never experienced more than two months of this level of inventory in any given year.Days on Market Has DoubledCompared to last summer, the average Days on Market for rental properties has doubled, making it clear that tenant demand isn’t keeping up with supply.Why Is This Happening?

It’s on the rise but you just have to be selective regarding location and try to go for turnkey or keep it minimal regarding rehab  So you don’t have a nightmare story trying to manage a rehab from Out of Town. 

Then mortgages get collateralized and sold to Fannie or Freddie so they can keep lending and make money from the original fees.

I want this to be acceptable long term if I keep this method of financing. 

My plan would be to keep the front waiting room as a small commercial space and the back offices as efficiency units or studios. 

The BP discount keeps it reasonably priced - worth the cost for sure.