Repair costs would be $150k.

Updating and repairing.

In December the roof was finally repaired, however the damage to the ceiling has not. 

With ZERO cashflow, the rent exactly covers repairs, taxes, PITI etc, even 20 years from now when you’ve doubled the rents because you were behind at the beginning. 

@David Cherkowsky, the lender will take the full rental income reported on the tax return, for that property, subtract it from the total expenses, add back depreciation, property taxes, mortgage interest, home insurance, HOA(if applicable), sometimes repair expenses(must be documented), divide it by the total amount of months the property was in service for that year (THIS NUMBER IS ON YOUR TAX RETURNS, SO MAKE SURE YOUR ACCOUNTANT DOES NOT PUT 12 MONTHS), and subtracts it against your total monthly mortgage payment.

I would give them a list of what you’re looking for/at ahead of time and obviously not linger in areas where this couldn’t be a concern.

Sometimes you will have that next person/family lined up and ready to go, but sometimes it takes much longer and you need do renovations or at least some repairs.

Maintenance can also be a factor—while newer homes may require minimal upkeep, older units might need more frequent repairs, particularly for things like plumbing or HVAC systems.Some things to pay close attention to:Zoning and Permits: Check local zoning laws and permit requirements to ensure you’re allowed to place a mobile home on your land and rent it out.

It needs new appliances and some minor repairs.

You don't need to use your own capital or credit.Lower risk: Since you're not buying the property yourself, you're not taking on the risks associated with ownership, like vacancies or repairs.4.