But you could say something along the lines of this in your lease;"If the monthly gas bill exceeds $X or the water bill exceeds $Y, the tenant will reimburse the landlord for the difference as an additional charge."

Hi Sushil,The market for a 5+ is limited in DFW.

In our situation, property managers won't likely fit into the pie since we are looking to sell the property in the open market.However, you can always leverage your "rock star" agent who found you the deal (assuming it's not an offmarket deal or from a wholesaler) to check up on the construction every so often.

It sounds like you’ve got a great opportunity with these two mobile home parks, especially with the flexibility that seller financing provides.Out of curiosity, what terms did you negotiate for the seller financing?

Hi Helen, welcome to the community!

I don't know the DLP side of the story but it appears as they are trying to force a sale that would wipe out the LP equity and investments. 

Subtract income tax and tax prep from your cash flow. :-)) Run 2025 through quicken and at the end of the year you’ll have real numbers and you can come back to this post and see how close you were.

If there are any issues with the borrowers, I don't have to deal with it.

I was a foster child who put myself through college on my own, and I have relied on some good friends for a place to stay as I grew up, which has motivated me to create a better life for myself.I have done a lot of research on real estate, and from my perspective, it seems as if wholesaling, which I feel my sales skills may help with, would be a good place to start to make some extra money to speed up the investing process.

Quote from @Michell Chase: I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant.