Account ClosedI knew Thomas would eventually find this thread and provide you with a path to walk through the LTB.  

The numbers seem to make sense to me, but the unknown insurance increases and difficultly I'll have in eventually selling it gives me some nerves.  

What do you do; leave it hanging in the basement for eventual hook up?

The one-two guy crews they recommend will get you into the right price points to start... eventually, when you get more consistent business for flooring vendors, retails stores (whom are more reliable) will want the business and get nearer to reality in pricing.--- Sidenote: we transitioned from hiring of LVP/vinyl/ceramic/hardwood to handling in-house which has shaved our costs substantially from the above budget averages.  

My "Why" is to, eventually, be able to spend more time with my family with passive rental income.

I am looking to get a partner on the place for just the down payment of the property, split the profits 50/50 and I will manage the place myself and eventually I will actually move into one of the places.

I went to college, got my degree, and thought I will just make enough money eventually to invest in property.

I eventually found a deal in an area close to a major medical center, the University, and a military base. 

As doomsday scenarios go, this isn’t terrible.Now switch to my mobile home park and consider the same factors.Rent - low rent payers ($200 per lot for 15 lots),Credit – my residents probably have mediocre credit at best,Building – I own nothing here, as the residents own their mobile homes.Site Improvements – I own nothing here, as there really are no site improvements to speak of,Zoning – zoned for the parkReal Estate - an otherwise poorly located piece of ground jammed up against an airport.The seller/owner created the park 15 years ago and claims to have never had a vacancy, so if my doomsday scenario hits and all the trailers are wiped out by a tornado, I’m left with a poorly positioned piece of ground which I suppose I would eventually repopulate with mobile homes.So why consider this at all?

I'm am currently saving up money because I do eventually want to invest in a house and maybe fix it rent it out for cash flow then sale it.