We are going to run it as another bed a breakfast - the same model as the other beach property.  

For BRRRR investors: Are you rethinking cash-out refi strategies or exploring alternative rent models to make deals work?

oh pleaseCA ran out of water...... do you have ANY clue what kind of water delivery system would be needed to handle multiple wild fires of this magnitude?....

Travelers, Farmers, Steadily are some who allow this model.

This has been the most successful model I have seen in real estate.This goes 100% against every guru and investor the past 5 years of get rich quick of buy, rehab, rent and refinance with little money - that video game is out of order so the gurus need to reinvest themselves and they are trying with seller financing and zero down.

You could do it your way but I’d recommend a bit of a hybrid model.

I built a model, and then discovered the deal check app.. and then checked my model. 

Typically, the mobile home funds can achieve very attractive COC, a somewhat recession resistant business model, decent upside as well.  

This is the model # at home depot.

If it’s at or near 70% we dig into the full cost model that accounts for financing costs (hard money and GAP), acquisition costs, holding costs and selling costs.