(Still awaiting Seller to confirm report it’s been done as she agreed to the inspectors recommendation but has mentioned she’s not replacing it) In additional to the foundation has shifted and need reconstructed due to a lot of slopping in the home (My agent said it comes with wear and tear, so they might argue that their not going to fix it so I didn’t put it on the IRSA to repair).

Additionally, the manufactured home needs a deck replacement and other minor repairs, with quotes ranging from $28k to $38k for the deck work alone.Here are the options I’m considering:Refinance, then invest $30k-40k into repairs for the manufactured home.

At $1000/month additional cash flow, it will take 12 1/2 years to recoup that money.

Feel free to DM me if you have additional questions! 

In addition to finding and selling properties, they can also provide valuable information from the MLS.

Identifying a home on the MLS that already has four established bedrooms is the route that one would take, however, after closing on the deal, additional bedrooms would be added to the property.

I have a guest nearing the end of their stay who would like to extend for an additional week.

In addition, the attorney informed me that short-term rentals (STR) are illegal in my county, so that will not be an exit strategy for me.

Add the Trust as additionally insured on the new policy.The complication is that the seller no longer holds any interest in the Trust, LLCs, Deed, or Settlement Statement, which my broker says prevents them from being added to the new policy.

Additionally, the property’s location in Rolling Prairie, IN, aligned well with our investment strategy, making this a promising project for collaboration with our partner Ron Rowan.