But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

Distance makes investing more challenging, as does seasonal occupancy and governments which operate differently and/or are less stable than our own(though our own government has not been a paragon of stability lately.)By investing in the Caribbean, you’re adding those challenges plus you’re throwing in the occasional hurricane.  

Government programs like FHA 203(k) can assist in purchasing and renovating homes, but certain regulations apply.

There's a reason the US government doesn't let the average Joe invest in these types of funds.Everything you invest in, there is a certain probability that the investment will be wiped out in its entirety.

But that is just a personal opinion based on personal experience with government tenants in California.

Yes, they can stop you from replacing any old homes in parks; even "gradfathered" parks if the local government wants no more parks. 

Multifamily is the only CRE asset class where the government actively subsidizes the cost of capital via "the agencies" (Freddie / Fannie / HUD). 

The government takes more than I spend on myself every year. 

If it were that out of line with reality, the government wouldn't back loans on this basis.

This is a good punch-list that all investors should use, not just new or inexperienced.New Western is a wholesale mill for sure, but they also use licensed agents to complete their transactions, who are governed by state license law.