We are asking the current tenants to leave as the property is not in optimal condition we like to have our rentals and we would like to fix it up to increase value and rents.

Welcome to Colorado and BP!

It’s great to know there are resources & professionals like you willing to help guide new investors.Looking forward to connecting & continuing this conversation!

You are not going to buy land and put in a mobile home and the lender in 6 months will consider it a single family home.

I wouldn't touch Franklinton with a 10' pole on the existing inventory side. gravity 2 is being auctioned and sold by the developer the area didn't support office developer lost millions:https://www.bizjournals.com/columbus/news/2024/12/19/gravity...linden I agree on if you can get a good deal. super fast appreciation. small homes, close to downtown, you can look at year over year and it's going up fast but also fast to change. any urban adjacent neighborhood is going to be good. 

This is the perfect place to learn.

I would go the conventional route on a loan, using LLC you won't be able to do that.

Happy to go through some details on that if that'd be helpful.

What was the quality like compared to local options?

Hi Emeka, welcome to BP.