I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?

However, i dont want him to be able to sue me for "the water heater isnt working" "the ac isnt working etc..."

After 5 years, my wife and I decided to make a change and moved to Nashville TN where I work as a project manager on projects ranging from several million on up to around 300 million.

Most that I sat through are in the 5k range.

I live in Hawaii so finding a Multifamily is going to be a little out of my price range haha but thanks again!

While we were onboarding the property to the system and trying to figure out the automated sprinklers, he was out there every day watering the lawn by hand, stopping the buck and taking personal responsibility. 

I am through module 1 of Kai's course and it is definitely like drinking water out of a fire hydrant.

Broker fees are also in the 10-20% range not $500 which makes a little bit of a difference.I do it all out here as an agent, lender, and investor so I see every angle.

I am looking in the 750k-1.1m range with between 6-10 units.

How long will you go without hot water before withholding rent, calling the city or just moving out?