That’s reassuring and I’ll check out that book.

Finally, double-check local demand and rent trends in the area to ensure the pro forma income is achievable.I’ve worked on several mobile home park deals as a broker and am currently helping a few clients sell their parks, so I know how important it is to ensure the numbers make sense both now and in the long term.

After that is returned, I do a background check through Transunion or a similar service. 

And. if you have a property management question along the way, feel free to reach out to me. 

Hey Helena, I know we've already chatted but you should check out this BP thread about us:https://www.biggerpockets.com/forums/311/topics/1184140-plan...

Feel free to reach out with your scenario details.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

I assume a higher upfront cost as far as land purchase and the actual build but you would have a brand new house, instant equity and hopefully maintenance free for quite a while.

Don’t forget to pay your state of OH income tax, even on the formerly tax free money you are transferring out of NV in to a state with income tax. :-). 

Here’s what helped me most:Quarterly Check-Ins: I spend an hour each quarter reviewing my rental income and categorizing any expenses right away.