Investment Info:Mobile home buy & hold investment.

One said the 2nd mortgage has to be assumable and the other said it did not.VA issued Circular #26­24­17 back in August to try and clear up the issue:Assumability: If the secondary borrowing is not assumable, the holder of the VA guaranteed loan should counsel the assumer that this may restrict their ability to sell the property to another creditworthy assumer through an assumption in the future.The lender currently servicing the loan still can decide whether or not they'll allow the 2nd.You could do seller financing for the gap and then refinance just that amount with a Home Equity Loan or Line of Credit at some point down the road. 

Avantstay maintains superhost status with thosands of homes and reviews.

Everything is functional in the property it is a older home.

You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof). 

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.

Fees are through the roof. 

Also, my business partner Mike Ayala has owned and operated mobile home communities since 2007.

This usually means all updated electrical, plumbing, and roofing.

The 1st position loan is paid off but has a second position heloc on the home with 50k balance.