This property caught my eye for several reasonsmostly because I drive by it frequentlyit offers a commercial space, apartments, and mobile home lotsit's close to my other investments and where I liveI feel like this is an area ready to grow (it's the non-interstate link from big town to small town)it's not so expensive I can't find a way to do the dealI've been investigating mobile home investing lately, and this is one way to learn thatI don't have a physical office space for my business, and this would lend credibility to my business (and allow me to have high-speed internet, which I can't get currently)I can use an apartment and rent my SFR for morethe mixed use feels like diversificationI wouldn't be surprised to see an investor try to buy this and several other spaces up for a large developmentI see potential in possibly converting the mobiles to tiny houses and increase rents accordinglyI'm not in love with the deal, but a couple of those reasons would sway me to consider a less-than-great deal, for non-financial reasons.The numbers really look not very good, and it looks like a bad deal as it sits, considering I'm adding 1000 in rent increase and no rehab in this scenario. 

They've used up their own capital and that of friends, family, and colleagues willing to invest with them but they still have access to more deals. 

I'd be making more money off of my current house, and I'd have my own space.

They can help you with portfolio's that are on the market.Getting access to off market portfolio's comes by having good relationships.

@Chris Seveney  @Mindy Jensen    Mindy can you run this up the flag pole at world headquarters.can you guys develop an easy PV  for note investors .. a simple to use calc. to help these folks who are trying to determine what to pay for a certain yield in the note space.. ??? 

If the down payment that you need equals the entire 70% to 80% in value of your SFR, then I would go with the cash out refinance and get a fixed rate.If you only need 20% of the equity for the down payment, can pay it off relatively quickly, and want the rest of the equity accessible for future use, go with the HELOC.  

This is the space I work in.

Hi there,My family owns a 49 space, 55+, MHP in Buhl, Idaho (approx. 1 hour outside Twin Falls).

I really like the fact that you can easily have access to your documents via all your Apple devices.

I've been in the lending space for a number of years now, and through purchasing a few homes and becoming a landlord, my interest in real estate has grown tremendously.