. ;-) It’s isn’t a picnic and it saps your time from investing.They are many other things that will come to light as the economy changes or regulations change or banking changes.

I would lay out the rules and implement that in the lease agreement in which I do for my month to month tenants.

However if you find the right multi family building (let’s assume a 2-4 unit, which will still qualify for a conventional 30yr mortgage) buy at a discount and are willing to put in some sweat, you should be able to gain 10%-20% immediate equity through cosmetic improvements, such as paint, carpeting, lighting, etc.

However, as mentioned above, seeing the rent roll , may help shed light on what kind of tenants you have. 

Sourcing and acquiring a sub-to-deal is a full-time gig and challenging to implement in this market.

After doing a few jobs with others who are investors, I’ve decided to dip my toes in the game and am looking for flips or light-mid rehab and holds. 

For example, if there are small problems such as plumbing, lighting issues, when tenants call, how can i fix it?

I intend to gradually develop the park by acquiring used mobile homes for around $10,000 each, relocating them to the site, and performing minor renovations.To make the venture sustainable, I'm considering implementing a rent-to-own model, with the ultimate goal of transitioning to a Tenant Owned Homes (TOHs) setup with $300 lot rent.

He then billed each unit for 1/15 of the bill and he paid 3/15 of the bill to alleviate anyone claiming this unit ran more lights or that unit ran longer showers.

Every day I wake up to look at Google News and there is at least one article about Foreclosure, or Fixed Income Tenant can't stay where they have been from before the Covid or the Widow who has lived in the 2/1 house for 50 years cannot pay the increases in Property Tax, Home Owner's Insurance, Lights, Water and everything else.