Here is a graph of the number of units sold as a percent of overall housing stock.As you can see in the 1970's Manufactured housing was at its peak making up 22% of annual housing units produced.

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

Better split, smaller cap, no $3,000 annual contribution to corporate.  

This is where you take a portion of your annual auto expenses (not just this one trip!)

Lets say I make a $50k investment into a syndication, I am 100% ok with getting a 10-12 annualized return with preservation of capital and lower volatilty / lower standard deviation versus 15-20% but high volatility and high standard deviation. 

I'm talking about the hassle and cost of annual tax compliance EVERY year thereafter: partnership tax return vs part of a personal tax return.And I was not comparing to a trust, by the way.  

For instance, if a property's T12 NOI is $500,000 with a $5 million price tag, but we expect income to rise by $50,000 and expenses by $20,000 annually, our adjusted cap rate becomes 10.6%.Yet, underwriting deals isn't without its challenges.

The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax return.Originally created to protect residents of Augusta, Georgia who would rent out their homes to attendees of the annual Masters golf tournament, the Augusta Rule applies to any taxpayer who owns a home in the United States, provided that your home is not your primary place of business.How Does it Work for the Homeowner?

Even with annual maintenance inspections, I have scrubbed so much nicotene off walls. 

The three tests outlined above are applied annually, so you may qualify as a real estate professional in one year and not in other tax years.It is also very important to document material participation.To meet the requirements of real estate professional status, it’s essential to keep detailed records of activities and time spent working on the properties so you can verify your real estate professional status in the event the IRS decides to audit your return.For example, you may keep a contemporaneous appointment book, calendar, or narrative summary of the time spent performing real estate activities.