I lived in Broward for seven years in Plantation and Fort Lauderdale.

We live on the opposite side of Canada for work right now relative to where this house/city is.

We've lived in over 10 homes while raising our 3 children that we improved and sold.

For example, if they keep building further away from the city from where I live, the value of my home still increases. 

Well, generally it means that the living spaces in the home need to be built about the Base Flood Plain Elevation.

Real estate investing has become a true passion of mine because I love the idea of taking a run-down, neglected property and transforming it into a home where people can truly enjoy living.

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

We used to have a similar philosophy ... and then we went to live in Clovis, New Mexico for a few years!

We live in a town of approximately 5,000 people.

My brother and Sister-in-law live in Dallas and it is a dynamic market.