And of course it goes without saying that any deal of this kind would involve an experienced real estate attorney--especially one that is "great" 😉Thank you for the insight, which is both practical and encouraging!

It's pretty common practice to have something like that in a property management agreement, and if it falls under that limit they're going to pay it and not notify the owner except in regular monthly updates because it is below the threshold of what is an ordinary expense in the course of business.

This would further support the recommendation to negotiate a step-down mortgage structure, such as tiered payments or interest rates, to reconcile the seller's valuation expectations with the practical realities of the park’s financial performance and provide a feasible acquisition pathway.

Your idea of using a second home mortgage for house hacking is both creative and practical, especially given your flexibility.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I do think that having a contractor give you quotes is MUCH better, but often not completely practical or ideal either.

It's good practice in making the calculations needed to decide whether or not to pull the trigger on a potential deal.You soon learn that starting off as a Doctor is less advantageous than starting off as a Janitor, because the game presets your income and expenses based on the job title.

I just wanted is sue a warning against one such company - due to the egregious manner in which he exercised his predatory practices  - in the guise of a legitimate company!!

Not practicing law in your state though, so you need to consult a qualified lawyer in your jurisdiction to see what to do

He wrote a great & practical book – with Parkinson’s, dammit.