Great advice and I appreciate you sharing your experience and knowledge in the CRE space.

Does he and his roommate understand the rent must be paid in full each month and they are both liable if it is not paid regardless of who has or has not paid their share?  

I've learned that the on-market opportunities just don't have enough margin and are too risky for flips.If you have any off-market leads or know where I should be looking, please share them with me!

I'm mostly concerned with how I can sell the trailer if I don't own the lot.

I'm glad you shared this. 

From our perspective now it seems misleading to advertise anything other than useable space without sharing insight into the calculation.

Quote from @Fidel Mercado Gonzalez: Hi Theresa,Thank you for sharing this information—it’s really helpful.

I'm happy to share insights and see how we can help each other.What market are you focusing on?

I also am very interested in purchasing more STRs, and this is a really low risk way to see if I'm up for it (we have a 2.9% interest rate on our mortgage).My biggest concern is an ongoing plumbing issue we have had.

Thank you for sharing.