Was truly one of the best financial decisions of my life. 

One thing I will say, and do with it what you will, if you are digging out of a bad financial position I'd suggest RE is not for you now. 

Hey, congrats on finding a potential flip—it sounds like you’re on the right track!

You should also verify whether the lease agreement allows for ownership transfer without landowner approval.Owning the trailer means assuming responsibility for lot rent, potential removal costs, and liability risks.

If you need some connections, I run the most active group of small landlords in the city and have a network of connections that you could potentially leverage.

This is not the norm right now, but I do believe over the next several years, we will see more sellers accepting this asset due to its potential and hedge against the deflating dollar. 

Give you a cool place to visit (and potentially write off).

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

@Steve Englehart Cashing out an IRA or Roth IRA to buy rental properties has significant tax and financial implications.

So, they could potentially buy another house later on.