Currently in negotiations with Singh Development Company to purchase my rental home (as in condition-renters moved out) located in Columbus, Ohio with Seller Carryback Financing. 

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

You do have to be able to front the cash prior to each draw, but other than that they've been good to work with 

Quote from @Mark Pedroza: Quote from @Sergey Tkachev: Quote from @Mark Pedroza: A warm welcome @Shannon Bloomfield@Sergey Tkachev holds a monthly meetup in W Sacramento the third Thursday of every month.It may be a drive for you from where your located but maybe I'll see you there ....Warm regards.... 

There are not many legal locations available on our map. 

My other project years back was searching for active businesses to buy, at one time laundromats, many located downstairs in mixed use properties. 

I think prices vary depending on location but I pay about $10 mo.

Hi all, My name is James and located in New York City. 

Balancing rental income, appreciation potential, and location can provide a primary home and a long-term investment portfolio.Good luck!

.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.