After a $500 plumber bill I no longer wish to continue stressing out about this business; at the beginning (10 years ago) it was fun and challenging, now, after seen how we are the ogres (landlords in general), the outrageous government response with the eviction moratorium during Covid, the raise in taxes and insurance, service people who charge you more than a brain surgeon, the fact that this country is becoming dangerously socialist and the tenant drama I finally decided It is time to look elsewhere for investments.I just cannot find any information of what to do when I sell my properties.

Before you close, can the rent from your buddy and the midterm tenant cover your mortgage, taxes, insurance, plus a bit extra?

I would look at this venture as some type of vocation (I.e. plumbing, electrician, framer).

Insurance Agent8.

Your insurer could recommend one or you can check Google (and, of course, the reviews).

Here's a breakdown:Conservative: 8-10% after covering all expenses (mortgage, taxes, insurance, property management).

Maintenance can also be a factor—while newer homes may require minimal upkeep, older units might need more frequent repairs, particularly for things like plumbing or HVAC systems.Some things to pay close attention to:Zoning and Permits: Check local zoning laws and permit requirements to ensure you’re allowed to place a mobile home on your land and rent it out.

Got insurance involved and use that money to remodel the entire inside, and add a new roof.

To make a new property cash flow with current prices, interest rates, taxes, and insurance, you're putting at least 40-50% down.

A complete overhaul of the kitchen and bathrooms, including cabinets, countertops, LVP flooring, electrical and plumbing fixtures.