From the sound of it, the cheap debt is not really a motivator at all for you.

An example would be that you kept your crew working rather than laying them off.

The usual way, but not the right way, to try to buy a rental is by finding a property on the MLS, where agents congregate, make an offer and then try to get financing to buy the property.

I know they would be worse off refinancing at today’s rates even if they could find an alternative lender able to lend on older mobile homes.

If they are, I would pay them off first.I would invest in a different market(likely bigger market) where you can find reliable contractors or find a PM that will be able to manage the properties.

Investing with a fund that does a lot of due diligence on the operators can add a small layer of fees but it can pay off big time if they are doing a lot of due diligence.

@Jim VasicaThis is the million-dollar question!

I see the discussion, but it's talking about the amount "Jim" can take for the next loan, not anything about the time period between when one loan is paid off and the time until he can request a new loan.Asking more out of curiosity, I would be surprised if John Hancock had something incorrect posted on our retirement plan web page. 

:) Well, if the planes take off and land from east to west, buying a home that is north or south is not directly in the flight path. 

Hey @Megan OConnor, I can't comment on the area specifically but it is doable.You need to search AirBNB and VRBO to get a look at the competition (don't forget to look at VRBO)You have to work into your plans the downturn during the off season.