Successful BRRRRs are challenging enough to do local to you.  

However, after renovations, the numbers improve significantly, and the challenge lies in bridging the gap between current and future performance.Expenses typically run at a 30-50% expense ratio for mobile home parks, depending on management and infrastructure conditions.

However, many DSCR lenders have a minimum loan amount of $100K, which can make it challenging for investors to secure financing for lower-priced properties. 

I navigate through cities and towns, identifying areas that are both friendly and challenging for STRs.

Challenges?

The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?

Challenges?

Add the financing challenges and that you existing structure likely will become rent controlled.  

Challenges?

It worked out well, but not without its challenges, and I learned a ton along the way.How to find a partner: Meetups and forums like this are great places to start.