Tailrow Insurance Company, Mainsail Insurance Company, Orion 180 Insurance Company, Orion 180 Select Insurance Company, Orange Insurance Exchange and Condo Owners Reciprocal Insurance.Does anyone know of an insurance agent working with any of these companies yet?

This is my hometown, curious if it ever got legs.

Hey @Josh Kellerman - you have a leg up in that you've been in real estate already for a few years.

I run an STR company in Orange and Los Angeles Counties and my STR's are performing quite well. 

Most all wholesalers are looking for a young person to go out and do the leg work.

@Sino Usmonov choosing a market where you have a leg up of some sort vs just relying on a realtor and property manager would be the way to go. 

You have to know the local market and the properties themselves to be able to tell what is an apples to apples comp and what is apples to oranges, which is really hard or impossible to do virtually. 

This will require less cash invested, shorter time frame to complete, and more cash we take from the deal.Exit Strategy 1 - Have current Renters vacate, complete SOW, get new renters @ market rent, cash out on max ARV, HOLD.ARV: 126,000Acquisition: $60,251+ Closing $925SOW Budget: $15,750Rent after Rehab: $1,000DSCR c/o $100,600 Loan @ 7.5% 30yr LTV80%: $840 PITI + Fees +/- $4000 (2pts+undw/orig/leg)Cash Flow: $160 before ReservesCash Out - Cash In - Fees: $19,674 (100,600-60,251-925-15,750-4000)Exit Strategy 2 - Have current Renters stay, complete light SOW, raise rent, cash out on lower ARV, HOLD.ARV: 110,000Acquisition: $60,251+ Closing $925SOW Budget: $2,500Increased Rent: $900DSCR c/o $88,000 Loan @ 7.5% 30yr LTV80%: $752 PITI + Fees +/- $3800 (pts+undw/orig/leg)Cash Flow: $148 before ReservesCash Out - Cash In - Fees: $20,524 (88,000-60,251-925-2,500-3800)

As long as you are frugal and complete your due diligence and a good portion of the leg work (as it seems you are doing), the overall costs of the development wouldn't be outrageous in comparison to a comparable existing park.  

Have you had any thought if you're wanting to actively do everything yourself or hiring a team to do all the leg work for you?