Quote from @Marcos De la Cruz: Quote from @Drago Stanimirovic: For a single-family rental (SFR) that's free and clear, meaning no mortgage, the acceptable minimum annual cash flow depends on your investment goals, location, and risk tolerance.

You could raise your deductibles on your existing insurance policies (consistent with any mortgage on the property) or talk with independent insurance brokers to see whether you can find a better policy. 

These rents do not cover mortgage/insurance/taxes as it stands now.

Wouldn't it make more sense to raise money privately?

Do realize since they are mobile homes, and have VIN numbers you are not able to take out a tradional mortgage on them not to my knowledge.

Hi, good feed back, I was just talking to JOEL from Launch Financial, for some small deals in Montgomery AL. we want to start doing.Anyone that you guys can recommend for private lending for this area?

I've messaged people privately and only a few have responded.   

The parents owe roughly $40k on the mortgage. 5.

What is your primary reason for wanting to pay off the mortgage? 

For smaller investment amounts, we often see investors providing private loans or notes to other investors for their projects, which can offer attractive returns with the right due diligence.