Do you believe in it’s mid to long term growth potential?

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.

Plan is to hold as long as my IRR is higher than 10% What made you interested in investing in this type of deal?

I am a big proponent of self GCing new construction investments, as long as it is done correctly.

Dave & Frank (also partnered with Ryan & Jamie Smith) have been acquiring and operating parks for a long time (I believe they go under MHC America).

After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).

Quote from @Frank Pyle: Obstacle is getting a 1007 with realistic long term rents. 

Did the proceeds from the sale count as short term or long term capital gains?

Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!

This creates a market for both short-term and long-term rental properties.Affordable housing, Compared to cities like New York, Washington D.C., or Boston, Philadelphia offers relatively affordable rent, or section 8 tenants, especially those who are relocating from more expensive areas.