I am knee deep in rehabs at the moment on other projects.

Thank you for taking a moment to read this: I live in Queens NY. would like to start investing in real estate in Queens.

Some will readily go along with this.I have a bit of seasoning in a not-so-nice area, so pardon me for my untoward suspicions for a moment.

Ignoring the park for the moment since renting MHs is a separate business, I'd want a 15% minimum return on my capital.

Im looking to do deal such as Lease Option, Contract for deed, also subject to at the moment.

posting again in a moment

Planning should be like that.At the moment, depending on where you operate, inventory for updated homes tends to be in short supply, so it almost doesn't matter when you list.

You should consider that the moment you start a business you will be subject to self employment tax which is something like another 15.6%Are you assuming that owning a rental property automatically implies you will be cash flowing positively because that is something you have to make sure of and there is certainly no guarantee about cash flowing positively.

Probably lower.Taxes / Ins - unknown at the moment, researchingTrash collection - This goes with the water bill here, so if metered separately, zero.Accounting, legal - $2000 / yr estProperty management - $250 / mo or $3000 / yrObviously I still have blanks to fill in.

Good to take a moment and be thankful, but also, reality needs to be addressed :) Math. is. king.