that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If it were a stick built home instead of a mobile home there probably would be less risk as long as property was insured.Yes, this is my plan to get the land back, have attorney and title company check all the legal boxes and ask my CPA to write it off as a lossBuyer is going to deed the property back to me and I'll take a Promissory Note. 

As a major buyer in San Antonio, Dallas/ Fort Worth, and Houston, one challenge I often face is the limited inventory or lack of serious deals that come my way.

With no major renovations needed, it was an ideal candidate for a quick resale.

You'll also need $10k-$20k for closing costs and other items on normal loans, as well as 3-6 months of reserves (PITIA) for the majority of lenders. 

Their decision to expand into Ohio is not just a strategic move for the company but a significant boon for the local economy.

are you closing with a title company? 

I think the VAST majority of successful evictions are for failure to pay and those evictions should cookie cutter and simple to handle for the most part.

Several were fully permitted and never developed because there were no buyers for the energy at the cost that was needed for the private companies to make a profit--and this was in a state with rolling blackouts during the summer. 

As a loose rule of thumb, I have heard a primary residence requires the owner lives there the majority of the time each year (i.e. more than6 months), but a lender should be able to confirm the specific criteria.