However, I am worried about the outdated electrical and water systems for safety concerns.

We were able to work a deal in the last 2 weeks before it was finalized, we had to pay the max amount of interest for back taxes and water bills and liens on the property.

Under the $100k property example, something as common as having to replace the sewer line will put you under water and you are more likely to have to come out of you personal reserves to cover operational/cap ex expenses or debt service than in my $6M loan example.Remember cap ex and operations are normally more easily absorbed in the A location assets.

Water DamageWater is a natural enemy of mobile homes.

There was a water leak in a bathroom which required a full renovation of that bathroom.

I am smart and know when the ship of the industry is sinking or taking on water.

I remember when I bought my first investment property..it felt like navigating unchated waters, but it was one of the best decisions I ever made.The BRRRR method is a powerful strategy.

We have our own irrigation system, we also have our own water source which we invested in.

How many water heaters do you want to deal with?

Replacing multiple furnaces, water pipes breaking, noisy tenant I had to evict, etc etc.