Same thing here in Florida with all the rich guys wanting a million dollar house on the water with the hurricanes.

How are you going to have so much appreciation from repairing a water line, replacing one or two appliances and repainting one room?

I'm talking about full separate heating, water, electric, etc. 

but not water and sewer or IRS (those will fall off after 6 months I believe) HOA should fall off, May need to pay 6mo back dues depending on their covenant easier to work with them.Live Auctions you won't get any kind of title insurance, Online only auctions are really REO sales. 

Pretty rare from what I see that cities allow or want this....turns single family neighborhood into multi family and most of the zoning people don't like this.Plenty of issues from their point of few of why they don't like it.....parking is one...now no one parking in garage, and potential for more cars...so now 3-4-5 cars in the street.More taxing on the water/sewer/trash/police/fire/city services.I wish you the best of luck with this. 

My plan is to have a nest egg of money for each property in case things go wrong- long period of vacancy, roof/water heater/furnace replacement.

I grew up water skiing at Smith Lake.

@Sunjeeve Weerasinghe we have moved entirly to vinyl plank in our properties (and so have a lot of major builders) as you can get commercial grade with 30+ year wear layers on them, they are water proof, do not chip (though they can be cut or torn) and are quite a bit cheaper than tile. 

So I understand correctly you want to take a piece of land and develop it with mhp infrastructure (water, power, sewer and roads) then build tiny homes to sell to tenants who will then pay you lot space rent for the home. 

Purchase price: $340,000 Cash invested: $100,000 This is a Mother/Daughter with a water view - We rent it for over $3000 a month What made you interested in investing in this type of deal?