Sometimes big corporations have a tendency to keep certain projects on life support and not really moving forward.They don't want to scrap it but haven't been presented with a plan or motivation to improve and move it forward.

To his credit, Ryan complied with this request; we felt that communications somewhat improved after that, even though progress on the project ultimately did not.

Value was added to the Stowers Road property through strategic renovations, including essential upgrades and aesthetic improvements.

Feel free to contact me if you have any questions.I've been investing in the industry since 2007 and spend the better part of the last 3 years patiently waiting for market fundamentals to improve which we believe they have and should have some opportunities in the near future.

The residents do not cause problems, they are generally on social security so if you give them a 5% discount they will pay their rent a year in advance, and they will host fundraisers to improve "their" clubhouse.

Houses are complex systems where lots of stuff can go wrong and there are lots of opportunities for improvement. 

If you could find a duplex property (or a single family house that could be turned into a duplex--check any HOA restrictions first), or a "fixer upper" to live in, that could be a better use of the equity you have in the rental house.If you run the numbers and decide it makes sense to sell the rental house (check with your accountant, figure out closing costs to selling and buying) then you'll possibly have more money to put towards a primary residence.You may want to check the neighborhoods that fall in the school district you want to stay in and look in "under appreciated" areas...maybe not the A class neighborhoods, but ones that have potential of becoming "improved".While I understand your desire to stay in a particular school district, it's not the end of the world to consider other districts if they will allow you to build real estate/family wealth that will put your entire family tree in a better position."

But a word of caution- mobile home park investors buy parks not only for the initial return but for the increased resale value as you improve the CAP rates down the road. 

I'm talking about one what-if here in hopes that we can do some risk management and think through a potential worst-case scenario.The scenario: I am purchasing my first property - a big SFH or duplex, with an FHA and I plan to househack the property the first year, make minor improvements, rent it out, and refinance, and then repeat.

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