Just to recap - for you to be profitable you need to calculate rent minus expenses like repairs, mortgage interest, home owners insurance, real estate taxes, capital expenditures, allowance for vacancy, utilities(if not paid by tenant), travel to and from the property, etc.

I think it's about the most space efficient you can get, plus there are likely energy efficiency benefits(or at least utility cost improvements) compared to your current set up.

I do separate agreements and bundle the utilities wiIh a utility cap for overages.

The follow criteria is what the park is consisted of:Rent control all age park with pool 33 space filled - rents range from $321-$7002 POH renting at $850, electricity sub metered 1 empty lot (might not be permitted for extra 3) On Septic (2x a year) and Well (370 ft deep send sample out once a yr) sitting on 4 acrescan only raise rents 2% every Dec20-21k gross per month/ 25% cost of utilities -- 900k left on noteNOI might roughly be around 170-180k

He’s an excellent marketer and he will convince you not to trust negative reviews but we have been taken for tens of thousands of dollars. 300+ investors (without exaggeration) have been dealing with the Morris Invest nightmare.Stay away from:Morris InvestClayton/natali Morris Oceanpointe/OceanpointBlue skyBert WhalenI urge you to contact property management companies in Indiana (Wilmoth Group, BHB, etc...) and Jacksonville, FL to confirm my statement if you’d like.They’ve all heard about the huge scam and the big Morris Invest mafia and have inherited hundreds of investors with properties that were never rehabbed, squatters, no utilities, etc etc..I’ll send you more info directly.

You have many options.I don't know what rental prices are in Houston, but I have very many friends and previous buyers who have paid $1,200 a month for 800sqft-900sqft units (with water being the only utility paid for).I recommend West Gate area.

We are currently in a position to leave our current residence and live rent free in a home paying only utilities and upkeep.

There is actually room for 4 units (3 of which are rented) in the house which we want to utilize and so my question is .. are these 3 above requests or any of them a bit ridiculous and necessary and is there any way around this?

(NOTE: The buyer base for this area could be another investor, but more than likely it would be someone looking for a ski/2nd home.)While I can't account for everyone and am currently of the mindset that I will meter all "units" (pending any influential feedback here in the forums), I'm curious if anyone has any thoughts on pro's and con's to metering everything into 4 units or just metering each legal side (into 2 units) and splitting the upper and lower utility payments based on some other criteria (e.g. square footage).

You should consider utilizing a DST or two as a backup for your exchange if things don't materialize in time for your exchange.