The total cost for this monthly for me is $1.00 fee for online payment for Sevier County, TN and the .73 cent stamp for Blount County, TN.

Florida is a unique state for MHP law and the insurance has gotten very expensive there too.I recommend checking out @Frank Rolfe's mobile home university content if you haven't already.

To meet this requirement, you must spend at least 750 hours per year actively participating in real estate activities, such as property management, development, or acquisitions, and these activities must constitute more than half of your total working hours for the year.

Can we DSCR out of this to get our money back out or will I need to sell it to get our $136k total investment out?

I assumed a total loan of around $90k with a monthly payment of just under $1,600 using a random SF property in Indy with a similar asking price.

Not a book, but Bill Faeth has a lot of free, good content on his site and YouTube videos.

If I had known the numbers they quoted me were total garbage, I could have sold my houses much earlier and saved about $80K in losses.

Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns

As of now, they owe me:Half of November’s rentAll of December’s rentAll of January’s rentThat’s about $5,500 total, which is a lot of money to lose.

I totally agree, big investors can go nationwide, but knowing the ins and outs of your local market makes all the difference.