It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

People also love the back deck with the string lights and a nice seating area. 

In my area, the inspectors are massively overloaded and often skip through a nice house quickly while telling me the last house they were in set them back 2 hours because there were so many violations.

Once you know the market, it's a nice gig. 

It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval. 

Beyond that, every city I have been to has rough areas where "cash flow looks great on paper" and "nice areas where appreciation should be great".  

If your product is nice, I believe you'll attract the right kind of renter (factory worker, lineman, etc). 

Very nice scam.  

I have noticed a lot of investors are seeking out cities that are offering lower priced lots and simply adding a Modular or Manufactured and capturing a very nice cash flow.There is a new trend starting in Florida and in other states where an investor buys a piece of land or lot and add a 'Tiny Home". 

Do you have a nice big building like a beautiful wooden barn or pavilion?