The risk with cash income (in my opinion) is to make sure it comes from legitimate sources and not something illicit such as drug dealing.

I don't know if it was the drugs or reality but I felt so bad that I did that I apologized. 

If you were to sell the home you would need to check with state regulations for licensing as a mobile home dealer.

But it is still a rough looking area and still has high crime and drug rates..... 

There are cheaper properties in the $300K range, but they are in rundown drug-infested areas.The calc I ran for this one was taking into account current rents, which we researched and determined to be a bit low.

I wAnt them to realize when I say clean up all this trash or get that drug dealer boyfriend out that it’s serious and I’m not just the guy that mows or changes light bulbs that they can shrug off as some kind of maintenance guy 

In 2013 I bought a 4-plex for about $60k in a rural area that (I was told) had been raided by the swat team because of a drug dealer operating out of it.

As a kitchen dealer that will be affected, I know I’m trying to find different angels and niches to keep me afloat just like we did in 07.

Gainesville has problems (drugs) that you might want to steer clear of.

My policy is no drug related, property related or violent felonies.