Once the tenant moves out you are allowed to charge any amount you like.

@Chris WilsonThanksFor the shoutout - since selfPromotion not allowed on BP happy to chat offline to people if they reach out and feel free to ask people about us and our history / reputation on BP (we have nothing to hide)

I'd love to start hosting asap and I wouldn't allow the guests access to the kitchen (though of course they'd have access to their rented rooms, bathroom etc.).

I am interested in potentially buying a trailer park as the investment is in the land and the tenants rent the lot, bringing their own asset (mobile home) to the location and typically, they stay for the long term. any invoice for a new real estate investor trying to get into this business?

So there are a million realtors, loan originators, accountants (RE is, for most, not complex vs other small business.)

I don’t see anything wrong with endorsing a business that is great at what it does.

It takes capital to do this business and if you don't have it I wouldn't suggest throwing it into a marketing machine for wholesale deals.

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

Of course, the smaller the property, the more necessary that you see every inch of it because there isn't a business running on top of the land like large-scale multifamily, self-storage, industrial, and more.

For an SBA hotel loan, the SBA may guarantee say 30% of the loan and a traditional bank takes the next 50%...total LTV/LTC of 80%...will vary by business but it's higher/better than the previous replies (otherwise, you would just get a traditional commercial loan without the SBA involved).