They all said the their 2nd home loans, without exception, trigger a due on sale clause if the property is moved to an LLC.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

I'm assuming they had to get some kind of permit to move the mobile home and connect utilities.

Hi Mayuresh, personally not a huge fan of the Cleveland market because it's losing population year to year and companies aren't moving there.

Now I am looking to find hard money to keep moving on light rehabs to buy and hold BRRRR-style.

If it's an investment property, then I think your best bet would be to move the property into an LLC with you and your parents.

Properties, for novices, which look good on paper and have good cash flow usually come with C to D+ areas, risky tenants, and a lot of cap ex that you can't see on the internet (basements, roofs, water issues, outdated mechanicals).You are turning a terrible loss into a springboard which is great, but you are trying to move too quickly it sounds like.

I am very familiar with home sales, having moved 5 times and bought and sold 6 personal houses. 

Most new development is well over this mark and, since there aren't likely to be many more complexes built that offer decent living conditions for lower-end rents, there is probably some room to raise Class B/C leases in the coming years as more people move into Louisville.And, if things do decline, the "luxury" crowd is going to be looking for cheaper digs. 

Preparation is key in real estate investing, and it sounds like you're on the right track.Feel free to share more about your current strategies and goals or ask any questions you might have.