A cash-out refinance might be better if you want to park the money somewhere.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

That being said, I'm part of an experienced Syndication Group who invests not only in Multifamily, but also different asset classes:  Self Storage, Mobile Home Park, RV Park, and Retail - all to diversify the investment offerings.Reach out, and the next time we have an LP capital raise, I will send you the OM (and obviously info on our company) to review.

I do a lot of business near the parks with STR and I know the HOA fees can make it really difficult to make the numbers work.

People had no idea what to do at stop lights, gas pumps didn't work and those that already pumped gas couldn't pay because the attendant couldn't take cash, the lights were out in office buildings and hotels, grocery stores were worried about frozen and refrigerated food going bad, theme parks had people stuck in rides screaming to get off.

I would advise to buy all of them because it will make it alot easier for you to put capex money into exteriors, landscaping, fixing parking lot , fencing , lighting , etc because sometimes the hoa might not be collaborative in my experience.

If your goal is to scale faster and get to the point where your real estate cash flow allows you to spend more time with your kids, BRRRR can help you snowball your investments instead of parking all your cash into one deal.Building Equity: With BRRRR, you get the chance to build significant equity upfront by adding value through renovation.

I’ve personally house hacked in the Irving park neighborhood in Chicago with a multifamily so not completely relatable experience to what you’re looking to do but hopefully can provide a few insights.If you go with the suburbs in a SFH, you could rent by the room and presumably increase cash flow.

In an congested area offstreet parking might be needed.

I wanted to learn about mobile homes and parks, but it came off as a big hype session with lots of people from the same funnel marketing company.