Buying a mobile home to place on your land can be a great way to generate rental income, but like any investment, it comes with pros, cons, and key considerations.On the pro side, mobile homes are typically more affordable than traditional single-family homes, meaning lower upfront costs.

However, vacancy means covering 100% of the expenses.Multifamily properties almost always generate higher cash flow due to multiple income streams, which also reduces the risk of vacancies.

You make revenue here and there but the goal is to generate enough in the winter to sustain all the expenses for the entire year. 

Best thing to do is have it I a high yield savings that is generating money on your money and is very liquid when you need it.

*Sources: Old Town North Power Plant Redevelopment Frequently Asked QuestionsPotomac River Generating Station CITY COUNCIL HEARING (Detailed breakdown of the project here)Old Town + All of Alexandria: Alexandria's RiverRenew Program Will Allow Residents to Swim and Eat Fish From the Potomac River by 2040Alexandria's Potomac River waterfront properties have served residents with phenomenal views of the river, National Harbor, and Washington D.C., making the real estate there incredibly desirable.

This is relevant for multiple reasons 1) appreciation is where the real wealth is generated in RE 2) real estate has tax advantages over cash flow 3) in CA property tax increase is capped.  

That's what these hands off processes are all about, not generating a sound investment opportunity for you.

Additionally, how are you navigating the refinance stage, with lenders tightening up are you still Able to generate your desired profit by refi? 

Yes I could do a generator but that is more bother, tell the tenants to turn on the fireplace.  

My wife is a first generation Mexican immigrant and she loves real estate.