Purchase price: $82,077 Cash invested: $50,000 Sale price: $275,000 Fix & Flip mobile home with extra lot.

We all know what goes on in bathrooms and what kind of extra care they need.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Like maybe I could pull enough out from heloc on primary residence to pay off debt and then rent out my primary and use the extra cash to payoff heloc and then do another heloc once the original one is paid off.

Finally, of the extra $200k, how much are you putting into operating reserves? 

(I’m ignoring any extra cap-x because you said it was a condo, but you’d also add any major cap-x to cost basis).

//End extra detailsI say all that to illustrate how much he seems to thrive on conflict. 

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.

Is the ROI worth the extra cost?  

The property will be cash flowing as soon as the remodel is over and has space for one large extra unit on the lot or two small units on the lot.