I disagree with some others here - I LOVE mobile home deals and will often send out mailers JUST to target mobile home lots.You need to know the year of the mobile so you can assign a flat dollar amount value to it, then comp the land.

A direct oceanfront 3/2 home of +1500SF in Rockaway Beach Oregon with a target sales price of $1.15M received a full property and flood insurance quotes totaling around $5k in premiums. $400/month.

So newer listings, listings on the back pages, and/or longer stays with huge payouts are who they target.

This is why insurance money is what's targeted.

A positive cash flow is achieved when rental revenue surpasses other costs such as the mortgage payment, which is the goal that some investors may even pursue.All the best!

Living for free is essentially the first great achievement to the path of financial independence and you have already done that!!

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I remember hearing about targeting lists with "tired landlords".

Any advice on achieving conservative underwriting in the market that we're currently in?

SFRs are simple but apartments I have no idea how many units to target.