The only real challenge we ran into was the seller originally wanted to set this up as a illegal duplex so there were multiple electric panels and corresponding wiring so that was going to have to be removed and redone in a single family format.

And even if it were stunning newer granite of quartzite, removing installed granite is difficult and usually will crack as it is glued down with some sort of caulk.

We also had an extra umbrella policy.Now that a few years have gone by and we've obtained more assets, meaning we have more to loose, it's made since to start an LLC and start to move things under its protection.Even if you get a good management company, which sounds hard to do, you'll still have to manage them and make sure they're staying on top of things.

Remove the "if" from "IF what you are saying is true".

Depends on your state and I'm assuming you have the basic stuff about lease termination, eviction, etc.A few we like to add:- if you don't change filters, then tenants pay for a full duct cleaning- charge an admin fee for all HOA notifications, not just violations- Clear tenant responsibilities- Fees for adding or removing tenantsBest of luck!

@Bryan OjedaIf the business has been paying the debt for 12+ months, you can usually remove the liability from your calculations.Keep in mind that while DSCR loans don't always report to credit, THEY CAN.

I know that one county I checked it was $250 per side.Some parks don't allow you to remove an intact trailer.

I do not feel as though the pet fee they paid means they don't have to keep floors clean, I needed to pay a professional carpet cleaner to try to remove the dog smell.

There is just so much money to be made from this purchase and i don't want to drag my feet and let the opportunity slide by once someone else realizes the cashflow this place makes, and they buy and and i loose the opportunity.So i guess I'm looking for options for help with down payment.

Should I keep it or rent it out unfurnished (w/ management I will cut even or loose like $100 per month cash flow)?