I think of Joe Asamoah with the Section 8 strategy deployed in Washington DC and keeping tenants for many years (even decades), but maximum reimbursement appears to be $3,740 for 4 bedrooms and market rate family tenants will likely turnover every year or two as they would likely be looking to own in the area.I think rent by the room (students or university professionals) would be the best way to cash flow the property while paying off the mortgage.

It is important to consult with a tax professional or attorney specializing in 1031 exchanges to ensure that your friend's specific situation and intentions comply with IRS regulations.

Construction loan originally at $110,000 and a Heloc after basic completion Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You can't take them to court or hire an attorney to collect unpaid rent or damages.My recommendation - if your state law allows - is to take a larger deposit of two or three months rent to protect you.

Or would it be preferable (and cheaper and faster) to just hire a contractor to renovate the old mobile home to HUD standards?

I'm also new to real estate and am looking into hiring a CPA this year.

These are professionals with additional training and a stricter code of ethics.

I'm not sure what part of FL you're in and what properties cost there but could you buy something locally and rent it out or do MTR or STR (to traveling nurses or corporate professionals and/or people vacationing)?

I serve as the acquisition manager for a private equity firm specializing in retail and industrial properties.I'm on the hunt for networking events in NYC specifically geared towards commercial real estate professionals.

2/1s  and 1/1s are great for travel medical professionals and digital nomads. 3/1s are a lot tougher to rent as MTRs.