I own 3 UPS Stores across two cities, in a full-franchise model.

But find a rental model that feels comfortable to you (house-hacking, it seems?)

We're moving away from the guru model that seeks to profit from aspirations by locking critical information behind paywalls.Instead, we're fostering a community-driven platform where the focus is on quality over quantity.

Obviously, I don't know anything about your finances, so for all I know, you may have a few million in the bank, and this project is just a fun experiment that wouldn't even be a drop in the bucket if it all turns south...but, regardless, you'll want to model out what would happen if this project crashes and burns...As you may know, managing a rental in a D to F area (or even a C area) is usually not recommended (for many reasons), and funding a rehab with credit cards is also usually not recommended (again, for many reasons). ...even highly experienced investors often won't touch anything lower than C grade because of all the difficulties of managing and re-selling them...If you're dead set on rehabbing the place and keeping it, I'd strongly suggest studying up thoroughly on the local rental market and tenant pool (e.g.; rent medians and lower and upper bounds, typical days on market before securing a tenant, local vacancy rates, tenants' typical income, education level, employment opportunities, credit, and rental history).

You could also have 40k cars a day on the road but on your side of traffic have only 10k and 30k is on other side.You could also have a big breakfast, lunch, or dinner model and have your property on the wrong side of the road for that ( going home side versus going to work ).I can go on and on have specialized in this for decades.

And if you're operating a property management company you should at least check the address and see if it fits in your model.

I found myself in an ironic situation of always aspiring to be a guy that gets into REI with the goal of creating quality.

I manage a short-term rental in San Diego and am considering integrating my in-laws’ STR under this operational model to reduce taxable income.Establishing an LLC seemed like a way to merge our business accounts, potentially decreasing taxable income from our STR by accounting for expenses from an added unit.

The model fascinates me and the numbers seem good.

Older mobile homes do have value, even the 1980's models.