Having it solid in a spreadsheet instead of in your head or on notebook paper and playing with the numbers for the repair budget isn't wrong.

Document all your efforts, including repair invoices and communications, to show you’re acting in good faith as a landlord.

Some people love that as the initial numbers look good, but probably over the long term they get tired of the common issues landlords face.It's not that hard typically to find a move in ready property, or even to find one that needs minor repairs, where you can capture the equity yourself vs the person selling it to you. 

For abandoned parks with infrastructure, some lenders may consider them as long as there’s a plan for the rehab and the infrastructure is in good condition or can be repaired.

  (2) Variable cost: platform fees from Airbnb and VRBO, lodging/hotel/transit or whatever pass-through tax your local AHJ requires, cleaning fee, cost of replacement for consumables, repair and maintenance, etc. 

Realistically I’m thinking $150k+.I considered renting our home out but our mortgage is almost $1600 and I don’t think we’d be able to rent it out for more than $1700.The home is foundationally sound and just needs cosmetic repairs.

., repairs, taxes) must be paid directly from the SDIRA.3.

It wasn’t easy—there were tons of repairs needed, from plumbing and electrical updates to cosmetic fixes like flooring and painting.

And if it had flooded it would be more than $5,000 for the repairs.

Given your buy box, keep an eye out for properties with strong rental demand and minimal major repairs.