The cost and the insurance is not worth the extra rent.Gino

It will likely add value less than 50% of its cost.  

Low cost investment that fast forward 3-5 years it will be worth much more allowing you to pull out equity/cash to buy more.I see investors buying $350K homes only cash flowing $400 a month, so Yes 100% good deal.

A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume  you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so you now have 50k (25k from your initial down payment + 25k in equity).

Feel free to reach out if you have any questions or need assistance as you evaluate the local markets.

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

And the time it was your primary residence (tax free up to the $500K exclusion).   

If you have any more questions feel free to reach out! 

Feel free to send me a DM

Please feel free to argue if I'm wrong.On the same subject, where would one find a list a people back on their mortgage payments?