Originally posted by @Bettina F.:At

First, you can't take advantage of the economies of scale like you can in a bigger facility....meaning that as you expand, your revenue will increase faster than your expenses which will have a positive effect on profit. 

AND with an additional caveat: the PROVABLE cash flow from the property must service the debt with a cushion of at least 20 -25%, so a debt service coverage ratio of 1.2 - 1.25.That being said, the 'gap' can, in some cases, be filled by seller carrying back a second lien. 

I suggest that if you plan to apply for credit cards to help support business expenses, etc. then apply for as many as you can in (I believe) a 14 day period.

@Ladarius Peterson, hard to say without knowing more about you and your situation.I would start with, always live off base if you can in order to take advantage of your BAH.

I plan to be active in here, plus up the savings account and learn as much as I can in the meantime.Regards,Austin

In saying that, im not an expert in mobile Homes or RV parks so perhaps someone can in light us both.

If you play the game right, you can, in fact, do this at least twice. 

Owner occupied loans are at lower rates and higher LTV (but you may choose 80% LTV to avoid mortgage insurance).Learn as much as you can in the process.Good luck

The hogs had gotten too fat, time for a slaughter.