But you will get people looking at a worse property to achieve a percentage metric than translates into very little marginal income.Tip: If $20 per month represents such a material change that it would sway a buy/no-buy decision...don't get into real estate :) You will have WAY bigger issues over the years to contend with.

You have two options to avoid paying back the depreciation expense: 1) sell the building through a 1031 (this allows you to buy larger and larger properties each time without getting hit with capital gains tax or deprecation expense capture back, 2) refinance the property  and cash out your original equity (along with some or all of your appreciated equity you earned from the time of purchase) and use that cash to purchase another property.I intend to use both options in order to achieve my goal of 1,000 units. 

Most commonly done within 4 years.From there, They can enjoy the peace of mind of having the mortgage payments made without the need for a lengthy closing process and that they achieved a sale at or near the asking price.

In addition to growing our businesses we love helping others achieve their real estate goals. 

The burden of the vacant lots will never allow you to achieve positive cash flow.

Go find a deal off mls that pencils out, has terms you can work with - maybe look for a lamb that has strayed from the herd - maybe more achievable as a 1st conquest.

Hope you achieve that freedom number!

Realtor.com, etc.) and still I haven't achieved my goal of acquiring my first investment property.The properties that I had my eyes set on at the auctions/sheriff sale have all been stayed (every time).

My goals in real estate are to achieve financial freedom for me to be able to "retire," then just be able to do it full time.

Hello All, it has become abundantly clear to me that if I am to achieve my goals with regards to mobile home park acquisitions I am going to have to buy parks that are outside a 2 hour+ drive radius.