The property was built in 1968. 

@Frankie Paterno In most places you will likely find that your $1.2MM will go much further with existing built as opposed to developing.

I believe the appreciation will slow/stop in much of the gulf towns on the water because of this.

I like good neighborhoods, with sloped tile roofs, stucco siding, built in the last 20 years. 90% of Las Vegas SMF checks none of these boxes. 

Even in towns where they desperately need affordable house if, they can’t get over the stigma of MHPs.The other issue you’ll run into is highest and best use.

If that's my experience in a small town, I suspect it's probably everywhere.

Each week, I analyze the MLS, exploring cities and towns across South Florida to identify areas favorable (or not) to short-term rentals.

My cabins (1 to 5 bedrooms, all with views, and all except the 1 bedroom is further from town) are still performing well and most are on track to meet or exceed 2023 returns.The days of buying and everything running easy with people filling your dates and throwing cash at you are over.

Stessa brings accounting, tenant screening, financial reporting and more into a single integrated platform built for investors, by investors.

Asking me for LLC docs few times over and quoting on a rate sheet that was for single family and not town house.