This residence features 3 bedrooms and 3.5 bathrooms, encompassing approximately 1,700 square feet of living space.

Only caution is if they don’t have checkbook control and there’s a time crunch going through the custodian can cause delays and red tape to deal with.  

I talked to a modular home company in my area, and he said to build a 4 / 2.5 2200 square foot home would be 215k, and then foundation and utilities would be another 160k.

And of course, getting financing squared away is key so you know your price range, which will help narrow down locations and strategies.

Look for properties that have a few bedrooms and large square footage enough to add rooms and ADU.

In the meantime I would touch base with lenders and get the financing squared away.

I probably can get 1500-1800 per month rent for a 3 bedroom, 2 bath (appx 1200 square feet) and can build for 174,500.

I would split the utilities based on square footage of each unit, then add it to the tenant's bill.

It is a 600-square-foot quonset hut sitting on 10 acres that is under 2 miles from a 750-acre lake.

If 4 syndicators offer 10% and another is offering 15-20% then a red flag should go up and ask “why is this one better” if the operator says it’s because their secret sauce I would laugh. 2.