LOC credit can be true cash which can have advantages and you don't need to have a lender approve your deal or go through draw process.

Read Charles Becker of Duke University's article on this very topic for greater insight.Another difference is that Class B/C apartments typically need a huge amount of expensive cap-x to maintain their occupancy, while mobile home parks need a much lower amount since the park does not own the homes (or at least many of the homes in most cases), although this is true whether there is a recession or not.The final main difference is that apartments sell at much lower cap rates, so there is less cushion in the event of a recession, while mobile home parks still sell about 1 to 2 points higher in cap rate, so you have more flexibility to contend with the impact of a recession, whatever it may be.

Purchase price: $820,000 Sale price: $1,150,000 This is a beautiful 4 bedrooms, 4 baths home at the top of the Sierra Madre Hill next to Pasadena.

A beautiful Home Lessons learned?

  :)   Also West Medford is beautiful but more $ Also, I hate to be a NH hater cause its a beautiful state to be in nature but its "cities" aren't any better or bigger than Lowell. 

The same is true for all the burbs in the area.

Out first was a duplex (which we are house hacking) and our newest is a flip property.The first floor has beautiful, easy to restore hardwood floors.

Is it true you have to finish paying it off before taking another one out?

I'm the son of a retired CPA but not one myself, so my understanding of tax codes is only at a moderate theoretical level of why they are the way they are and how they work on a big scale, not the finite details to give true tax advice. 

We were very proud to rehab this dilapitaded house into a very beautiful home for a new family.