Stanley Congrats on getting started and you have a good chunk to work with and that should set you up with reserves too to get that first property.

Once that is set in place its really up to you where you take it.

great way to set up your future.

However, if you think rates will remain where they are for the next 5 years, then I would not buy this deal now as to your point, you'll be left with dealing with the interest rate re-set.

Then you can adjust accordingly.Second, and most importantly, your calculation of cash-on-cash return is incorrect.

I’ve seen counties “grand fathering” STR owners for a set amount of time.

The zoning board can impose fines. also need to adjust lease agreements to reflect tenants status. in the end, with how lenders reflect potential rental income v mtg (dscr) harder to qualify the loan. 

Set some objectives, like lowering your living costs, making money from rentals, or accumulating long-term wealth.

It all dials back to the servicing and set up of a loan.

Point being, an rv park is set up with utilities and such much closer together than mob home park.