I haven't stopped my marketing campaigns, and suddenly I have several potential deals coming at me at the same time. 

Since you haven't received the funds yet, you cannot claim any loss for 2024.If you receive the 10% return of principal in 2025 and the investment is officially terminated or sold at that time, you could potentially claim a capital loss for the remaining 90% on your 2025 taxes.

Also, be sure to factor in maintenance and potential CapEx, especially for older properties.

Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.I agree with @Robert. 

The numbers definitely work if the rehab stays within $100K–$115K and the timeline is 6 months, but with a full gut reno, I want to be realistic about potential delays.

Younger buyers are still eager to enter the market, and as the economy shifts, there is potential for conditions to become more favorable.

Finding a potential lot won’t be hard but getting a local municipality to give you the green light to build an MHP is going to be next to impossible.

@Katie Camargo I would consider: HELOC or Cash-Out Refinance:Post-closing, the higher appraisal gives you the potential to tap into the equity via a HELOC (Home Equity Line of Credit) or a cash-out refinance.

@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.

Due to high premiums, expenses increase, and cap rates and cash flow potential decrease.