So, WHY screw with a successful system that your able to operate without undue stress? 

Since you already own the land, you’re saving on a significant expense that often makes mobile home rentals so attractive.

So if you are doing an addition, you are only contributing to the structure portion of value, not the land value.

Cash flow is tight in some markets, so run the numbers carefully before jumping in.Seller Financing or Assumable Loans – Some sellers are open to creative financing, meaning you might be able to put less down or get a better interest rate than today’s market offers.

It’s also the type of neighborhood I personally would like to live in so if I ever want to use the property one day for my own benefit that might be a perk.

My units are both near 2 huge universities (MIT & Harvard) so it is easy to target visiting scholars and lease by the semester (winter, summer, fall).

So, dscr would be your best bet, but it can be dicey as most dscr lenders want a minimum value per door, in your case it would be $60k.

I’m always looking to expand my network with like-minded individuals on here, so feel free to reach out.

Each area has its own advantages, so it all comes down to what fits your investment strategy best.

There’s a small annual fee for registration, so make sure you stay on top of this to avoid penalties.2.