I'm hoping for some guidance and any suggestions/ help is greatly appreciated.The specifics of the property are as follows:Land: 1 acre Income Generating Units: (built around 1995 all in good shape)Ranch House: Rental income of $1,200/monthMobile Home 1: Maintenance personnel reside here rent-free (not generating rental income)Mobile Home 2: Rental income of $980/monthMobile Home 3: Rental income of $1,000/monthMobile Home 4: Rental income of $1,200/monthMobile Home 5: Rental income of $1,200/monthFinancial Information:Estimated Annual Taxes: Approximately $2,500

I spoke with a public adjuster today and have a lead on a Boston attorney.

I wouldn't really look at these as an outright investment, but more of a retirement spot that you can try to generate some revenue from in the mean time.

We have to manually log the issue/damage, then enter each bill once we've done the work, then we have to track whether the tenants reimbursed us or not, then we have to pull together the water bills from another expense tracking sheet, and then re-organize everything per property or per tenant to be able to generate a summary report (which we are required to provide to tenants).

I get the lead, and then I call to introduce myself and delve deeper into their investment criteria.

Interest is a reasonable 7% and the price/acre is in line with comps.About 10 leads on Facebook so far.

After that, you'll need to start repaying both principal and interest, which could also affect your cash flow.However, the flexibility of a HELOC can be beneficial, especially if you plan to make strategic investments that generate higher returns in the short term.

I did NOT take “floor time” and I arranged to forward any buyers, sellers, tenant or landlord leads I received that were not related to automotive properties to other brokers in exchange for them forwarding their automotive property leads to me.

After paying the city for a rental license and CO inspection and now a lead inspection, I’m wondering if I should pass these costs onto my tenants or is this just consider these cost that I pay for my business.

Deal Generation: What strategies have you found most effective for generating deals and identifying promising investment opportunities?