While there are some tax advantages to owning rental property that does not cash flow, and each month the principle on the mortgage is getting paid down,  In my experience,  this house has not been a lot of fun because of the lack of cash flow, and the possibility that their could be an unexpected maintenance expense or the possibility that the market could turn down, and the house could loose value.  

One thing to note when looking at the individual markets, you can make or loose money in any market.

If you stand out, be it using gimmicks or making an offer too good to refuse, you are bound to get quality responses from distressed sellers.

The other parks in the area form the market and are what set the upper bound for lot rent, not the owner. 2.

Start posting ads 30-45 days prior to the move out date, that could help with gauging your local winter market.In the end you have three options; agree to a shorter lease term, risk loosing the tenant midway a 12 month, or decline to renew.

hi,  I wad looking in into deals in "bound brook NJ,".

Hey EveryoneI was hoping to get some insight into the nuances of syndicating commercial real estate deals while simultaneously being FINRA registered for my day job. (6,7,63,66) I was wondering if it is possible to be a partner in a firm that syndicates deals under 506(b) and 506(c) designations without violating the terms set out by FINRA, which i bound to for my current day job.

The downside on 5-units or more is that you loose the ability to finance with 30-year fixed rate.  

I'm not loosing money, but there definitely isn't much to look forward to and no real way to budget for repairs.

Often the attorneys or their assistants are knocking on doors telling them they will loose their house on Tuesday.