Is it 10  or 15 % downpayment, that is what I wanted to know Is the house in another state that you and your family are planning on utilizing for vacations? 

The most common we are working with and the ideal situation is something between $125k and $140k at 60LTV. 

This helps break down the purchase price between the land, the trailers (which may qualify as personal property), and any improvements like utility hookups.

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

The commonality is these are policy considerations politicians in Philadelphia used for election purposes not what was best for the City of Philadelphia.

. ($800 rent +$50/mo utilities).

I've had many clients utilize the rent by room strategy to great success. 

Amongst the common misconceptions I see by posters on BP are that hard money loans are junior mortgages to fill the gap between institutional financing and down payment; that it is in lieu of down payment so the borrower can acquire a property with “no money down”, and that it is money borrowed to use for an earnest money deposit.

Hi Rafael,You can start with a SFR or duplex if you'd like to avoid using a property manager, but if you really want to scale up you should be utilizing a property manager.

It's not a big hit to me if both projects go to zero, but I'd still like to know what's going on given that the group has missed two reporting periods.I know that this kind of thing has been somewhat common among syndicators in the past year or two due to financial challenges but I don't think rising interest rates should have hurt these projects much.