The owner can have a cow.

Lot to digest here. 

I should put some catchy key words in my post I guess, like potential squatters, bad tenants, amazing deal, unbelievable, epic, cash cow, etc. :) 

Super helpful in learning how to build excel sheets and summarize the data in a digestible way.

Things can fall apart for a variety of reasons and you don't want to confuse the tenants if that were to happen.I like the idea of giving the tenants a month or two to digest the bad news of a rent increase, however this often gives the M2M tenants a reason to go find a new place.

With moderate increases this year, we’ll be at a positive cash flow of over $2,000/month ([$3,500 income - $1,500 mortgage] - Taking into account Cap-X, vacancy, etc. and cash flow is still over $1,500 which meets our goal of $500/door).Fitting that its in the "Milk District", because its certainly a cash cow for us!

When he reduced his staff on the job to part time this was th esignal that he had moved on to his next cash cow client..

I am new to real estate investing, but have been digesting info for the past 3 years from places like Cash Flow Ninja Podcast, BP Podcast, and BP.com.

Tom,Off to a good start and you seem to have realistic expectations and enough life behind you to realize there will be acquisition years followed by digestion and stabilization (years where money flows in and others where he tide runs out).I've never ventured into trailers/ mini-homes, but know folks who both regularly flip them and/or fix-and-rent.  

We own it free and clear so it is a cash cow.