(from Pg. 3, Cavco Industries latest annual report filing)I see the market for higher end products, based on niche (if not somewhat misguided) sustainability and 'green' marketing efforts.

At least not if you want it to be sustainable.

I agree with what everyone here says about the payments affecting your debt to income, but if your income can sustain the hit, and the property can generate enough income to payoff the extra payment, I say go for it.I say this because it sounds like you use the truck for work, and also it will be beneficial to have the truck if you need to do rehab work. my only question, have you considered getting a slightly used one?

Thus, while we are strongly committed to preventing improper transactions, including property flips that are predatory, fraudulent or otherwise illegitimate, Freddie Mac encourages continued legitimate and sustainable investment in distressed properties and distressed neighborhoods.Again in their November update:http://www.freddiemac.com/learn/pdfs/uw/bp_propflips.pdf[i]Transactions that Freddie Mac Considers to be Property FlipsThe term property flip refers to a transaction in which a property is purchased and quickly resold for a significant profit.

It provides good asset protection, but you typically must personally guarantee the bank note, and oftentimes, there are covenants in the note that say you cannot transfer to an LLC (its OK, everyone does it anyway, and as long as you remain current, the bank does not care)For your personal home, you can transfer to an LLC and hold it in that entity if you so choose, however, you may not be able to take advantage of the asset protection because you will still have personal liability to injuries sustained to those you invite to your own premises (i.e. you invite someone to your house and upon you leading them to your man cave, they fall down the stairs and break their ankle, you are personally liable no matter how the house is held)

The question is, what is really the quality of the rental population and can they sustain your planned rent increase?

Chair of Sustainability and Renter's committee is socialist whose goal is to abolish private property.

@Rodrigo Serzedello When I lived in Florida, we had 4 hurricanes in the Gulf in one season...we did ok...minor damage...one of the storms moved into Ohio and setup shop around Dayton...50-60mph sustained winds for about 2 days...everyone in town had roof damage and entire neighborhoods got new roofs...insane but it happened...and it was a rare occurrence...in the end it was not that bad, really.Overall, Ohio has one of the lowest risks of natural disasters in the US...no need to consider going anywhere else.

With five of these, it can yield good results if can wait, and while the level of effort is there, it's sustainable with a full time W2, and can't be nearly as much effort as having many dozens of doors that are leveraged for a very long time. 

This is quite a common scenario but not knowing some more intricate details of your situation, I would recommend for you to proceed with a sale as the your monthly rent would not be sustainable to cover your mortgage and repairs/maintenance as well as management fees.