Reasoning for asking this is that it could potentially be a beneficial long play on acquiring a property through assumption, and as we go down in interest rates, utilize this monetary benefit to refi as it comes at a mere .5%.

Charge Rent - $1,699.00 ($612.40) 4/28/2020 Unpaid Invoice Fee RODGERS-- JWB Property Management Journal Entry Unpaid Invoice Fee - Unpaid Invoice Fee ($22.29) ($2,311.40) 4/26/2020 ACH ORAM-2910BROUGHAM- JEA Bill Utilities-02/19/20 - 03/11/20 ($31.49) ($2,289.11) 4/25/2020 Check 4.25.20ALL ORAM-2910BROUGHAM- JWB Property Mgmt Bill Management Fees- ($115.10) ($2,257.62) 4/21/2020 ACH ORAM-2910BROUGHAM- BVD Septic LLC.

Make sure utilities are available, and that you have tap fees included in your estimate, as well as engineering (site plan), architectural plan, and other bits you might need to consider for your market (landscaping and costs of sale, for example).

With 4 years in container conversions, we're transforming shipping containers into modern, efficient tiny homes and small homes.Currently working on a small, 10 home, senior housing development.Expertise: Container home design, sustainable building, alternative housing.Looking to: Connect with investors interested in container homes, share knowledge about factory construction, and learn from the BP community.Feel free to reach out if you're interested in container homes or factory building practices!"

I am NET cash flowing just over 1k (includes maintenance, repairs, cap-ex, vacancies, utilities), which is pretty good considering this is in SoCal.

  $31k after tax annual income - $11k rent = $20k or $1,600 per month net income left to cover all other expenses (utilities, cars, insurance, groceries, kids, activities, etc.).Median household income for 38128 is $41k or $36k after tax

I utilize a PO Box as well.It wouldn't be hard for our tenants to find out where we live (tax assessor's online tool) ~ But for $50/yearly ... it gives me a bit more piece of mind :)

As along as you take the lessons from this and utilize it on your next deals (yes, plural) you'll make great progress!

Make sure the units are fully furnished with all the basics, and consider including utilities, Wi-Fi, and flexible leases to make them more appealing.

In my analysis, I utilized a 40% assumption as a baseline, though I acknowledge that this may underestimate expenses for a park with the characteristics you’ve described.