One is in the final stages of being rehabbed and the other is done, waiting to be filled by a tenant.I just applied for a refinance mortgage for the two properties and was denied due to having insufficient income to support the loan.Personal income is ~$40k/yr Rental income on these two will be $1675/moA good deal of cash reservesFICO ~640 ARV of both properties is ~$160k , looking for $100k in refinance (62.5% LTV).I'm waiting on the 'official' denial letter but did get a call from the branch manager stating that I was denied.

Sounds like your dance card is getting filled up but if you ever want to talk about opportunities for investing PM me.

Winterizing is done to remove most of the water from the water system with air pressure and then filling the drains and toilets with antifreeze.

I can guarantee the markets with the highest returns aren't the hipster-filled zip codes (unfortunately!).

I still have yet to cut my teeth on filling a vacancy, but hey that is a good thing, I think it means I picked a good property.Looking forward to learning from you all,Mike

What do you guys think of my business model Our Business Description We buy mobile home parks and mobile homes to fill the need for affordable housing.

Once you fill that up and register, you are on.

The name of the game is to get filled up fast and stabilize and then sell or refi off 1 to 2 years later.450 X 52 = 23,400 month X 12 = 280,800 gross expected annual income.Back off 50% costs if landlord doesn't pay water or utilities. 280,800 x .50 = 140,400 NOI at a 10 cap for resale that is 1,400,400 before resale expenses.700k + 52 units let's say 10k a door rehab = 500k 700k purchase plus 500k = 1,200,000You would really have to nail down cost per door rehab and the exit cap and lease up rent.

If I would consider them as a renter, I have them fill out an application with a fee for the credit/background check and if ok, create a lease with them.

Also, if you know what the market is doing there lately, please fill me in... as many may already know, it's gone crazy on the west coast.