For various reasons the section of the river in our county is very under-utilized - there are tubing rentals and kayak outfitters and so on on every other section, but none near our area.

In the past I utilized an FHA loan to purchase my first investment property which is a 4-family I also live in.  

- it's always good to see another Hoosier utilizing this great site!

Always looking for deals, partners and funding.I've also been a Realtor for 15 years and helped many other investors find their type of deal as well as maximizing their exit profits by utilizing unique target marketing to find buyers. 

Current rents were $650 top, $750 bottom(actual rents and appraised rents) with utilities.

.- it's always good to see another Hoosier utilizing this great site!

So after paying taxes, closing costs, commissions, rehab, utilities, insurance, buying side closing costs, and any addition costs, that's when you split your profit 

You also need to understand from your local zoning/planning authority how difficult it would be to split the lot, and if you do, how expensive it will be to connect to utilities etc for any additional mobile homes you try to set up. 

Whereas before all of this happened we had very few shared expenses besides the rent and the utilities, now most of our expenses were technically shared so it just made sense to do it.. 

Utility costs?