also if you plan on purchasing these mobile homes to place on the lots.

With patience and a solid plan, you’ll be on your way to building a successful portfolio.Good luck!

This strategy balances tax efficiency with proper estate planning.

If you like help structuring this deal differently to give you more leverage, let me know, I've worked with new investors on game plans and seen others start with 90% LTV on their very first deal.

. - $6k/ month is our freedom number from a W2- Buy & Hold MFH is our plan (turnkey with PM in place)- This quad was built in 2024 and we're able to secure a 3.75% 10 year rateHow's this deal looking or would it make more sense to go another route?

I usually invest / work in Birmingham area, but I have been looking at properties in Baldwin County and plan to invest there also.

I have the Pro plan so it integrates with my August smart lock.

But, sometimes waiting and stacking cash for another opportunity is the best plan. 

The 2-3% points in extra cost are worth it if you plan on using as I described above because the use would be for a few  months at most and due to that short term use you can survive a rate adjustment up.But, if you have no plan to payoff the debt like when using for a down payment on a long term hold why pay the extra cost for flexibility and have the additional risk of the adjustable rate with the amortization looming when you can get a fixed rate second mortgage. 

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.