I agree with this approach!

This hands-on approach can provide invaluable insights into the industry and your property's performance.Both self-management and professional management have their advantages, as investors have highlighted.

Do your homework hereAre Raleigh's Suburbs Similar in How They Approach ADUs?

Does this approach make sense as a first step for us?

Although, the posts here are accurate we take a different approach.

How do you approach saving for your next real estate investment?

Mobile home parks often have unique challenges and opportunities, and it’d be great to hear how you’re approaching this one.If you’re open to sharing more about how you found the deal or approached the seller, that would be valuable for others looking to break into mobile home park investments as well.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The income approach might also be used, evaluating the potential rental income the ADU could generate.

the investor may or may not seek to redeem the rights up to that point. i can't get them at this point.and who knows when the judge will approve the sale.now, of course, i regret not approaching the owner for the redemption rights prior to the sale being approved.