This way, their allowance becomes wages, which can be deductible as business expenses.However, keep in mind that many property management company owners report that margins are often tight, especially if you’re only managing your own properties.

Your success is much more influenced by how well you play in a market, how good your team is, than by picking a marginal better market.

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

Pervasive negative ideas about mobile home parks and the residents in them allow marginalization.  

And a property manager is expensive and profit margins on rentals are fairly small.

If it's marginal, consider replacing it.

Marginal rate or expected income earned outside of this investment. 

The capital to deploy higher than the Midwest but the margin dollars and compounding is higher.

Finally, speed is important—moving quickly on the rehab and resale can help minimize holding costs and increase your profit margins.

From there, I was able to keep rolling my funds back into projects and keep increasing the margins.