This will help you determine if it’s financially viable.Insurance: Look into insurance for both the mobile home and your land.

Finally, speaking with property managers can provide valuable insights into rental demand, average occupancy rates, and tenant profiles in the area.

on the one hand, if you're happy with it, and you believe in this market, and this is what you wanted, great. the fact that you're asking the question shows that you're being thoughtful about it.with that said, it sounds like you're into the deal for almost $90K out of pocket, and so if you asked me if i would put $90K of my hard earned cash into a property to get $175 month, the answer is no. 

@Ngozi IwunzeOne way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property. 

You are aware that PadSplit requires you to convert your living and dining rooms into additional bedrooms, right? 

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now,  should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1...

We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage? 

Don't rush into investing. 

@Traci EdwardsHow much are you looking to raise and how much can you put into the deal?

It's a house sectioned into 3 apartments each a 3-bed 3-bath.