Hi All,I own a primary residence in Katy, Texas, still have about $325,000 to pay off.

You want to compare this EBITDA across all other bed and breakfast businesses. since you already own two, you have an unfair advantage in that you can compare this one your considering buying with yours, and see if its a fair price you are paying. you can also breakdown your expenses and compare them with the business your looking to buy to see if you can force appreciate value by creating more earnings. 

I won't make any profit on it, but he's paying the bills and our hope is that he will buy it from me in 1-2 years or we'll keep it as a rental and he'll buy something else.

As for comps, if there are other modular homes in the area you may want to check sites like Zillow or Redfin to see if there is data on those properties. 

get a copy of the agreement used by agents in your area and merge it with wholesaling agreements you can discover on Jerry Norton's site.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

We "lose" money on a cashflow basis, but completely comfortable with that as this is more of a 2nd home that renters help us pay for.

That’s about what I pay, and Proper is fantastic for STR coverage.

There is an $80,000 assignment fee so we ended up paying a bit more but our only down payment towards the building looks to be 30k.

We "lose" money on a cashflow basis, but completely comfortable with that as this is more of a 2nd home that renters help us pay for.