This is because cap ex and operating expenses disproportionately impact lower cost real estate and its very easy to find yourself upside down on a property like this.

The existing mobile also had utilities hooked up with a $17k impact fee credit that I didn't have to pay to the county.

If interest rates fall later, refinancing again might require you to bring extra funds to the table, which could impact your overall investment strategy.

So far there is some indication of a little uptick for 2025 booking - I've already booked out a few weeks beyond the winter, which is when I go down and take care of maintenance and repairs - and in the summer, but traffic and inquiries are way, way down.If you feel like seeing a blood bath, just pull up the MLS and look at the Margaritaville development.

The shorter the prepayment term has an impact on increasing the rate.4.

------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Hey Ben, it's great to hear about your passion for real estate and the impact you’re making in Des Moines!

I only sold a few amount of properties but the values of the homes have increased.The government is making less affordable homes(Impacts supply)A lot of the points you suggested such as selling costs and having to rehab the property before sale apply to both cheap homes and expensive homes

It's shedding material from impact of sun's rays, that's how elec is produced.

Are you reducing my ability to network and conduct business and negatively impacting my future deal making ability by calling me a "fake investor"?