But you will want to change the code for access right away as fired contractors can come back and take materials from you for other jobs.

Purchase price: $55,000 Cash invested: $110,000 Sale price: $205,000 This was a 1950 raised home that needed extensive foundation repairs as well as all plumbing, electrical and subflooring.

Purchase price: $150,000 Moved mobile home on bare land What made you interested in investing in this type of deal?

Check with the county to confirm you can do this.

There is way too much liability in placing this type of tenant.

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

We are currently in the process of Renovating this home built in 1965 and plan to have completely transformed it by spring 2025.

What would you advise I do you have for me on this topic?

I have done this several times.

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