But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

Hi, have a quick question for whoever may know the answer… Had a property for past 5 years. Had a nice positive cashflow until approximately 1 year ago when I had increase in property tax and HOA, plus had  insurance ...

I recommend you to build relationships with electricians, plumbers, gardeners, etc. and establish a system where the tenants report issues and you manage the maintenance required.

Navigating Portland's tenant-friendly landscape can definitely be a bit tricky.

Project included new windows, new doors, new siding, new floors, new bathrooms (vanities, toilets, shower, lighting), new kitchen (appliances, sink, granite counters, cabinets, lighting), new paint, new pool liner, new landscaping.

Okay so status update...I had the landscaping done and relisted with new professional photos & drone shots in addition to multiple price drops and - absolutely nothing.

We’ve been navigating the funding landscape ourselves and have come across some interesting trends across various states.

Project included new windows, doors, siding, floors, bathrooms, kitchen paint, pool liner, landscaping.

The main challenge with some of these are the dimensions of your lot and configuring the site to allow the minimum stacking of vechicles.Depending on your use, a 5000 sq ft building may be tough to fit in this size lot when looking at how much parking you want/need, building setbacks, landscaping setbacks etc.   

Meanwhile Pace is lending on bigger and bigger deals and expanding into more different kinds of lending landscapes (like lending to distressed businesses...).