What tools did you use to decide if this home would make a great mid term rental?

HELOC bank doesn't want their line used as a term loan on real estate they don't have collateralized and the bank that you apply for a loan for doesn't want your down payment to be borrowed.If you wanted to get the HELOC for home improvements then decide to draw on it for liquidity, had it sit in a bank account for a couple months and then applied for a MF loan and used it as the down payment, you'd have to answer no to the question, "is any part of the down payment borrowed".

They find and fix the deals and we sign the checks.The idea was amazing for people whose time is completely eaten up by our employers, looking for a way to create retirement with rental income.However, that is not at all what he did.In reality, he found the crappiest oldest homes ( more like death traps), that no other knowledgeable investor would touch, and upsold them to us for $20-50K more than they were worth, lied about the numbers, and charged us for repairs he never did.

RR has some very nice product .. however one just needs to look at any real estate venture with the same due diligence you would buying a home to live in.home inspection verify neighborhoods etc.My personal Experience with Zach the owner has proven over time he is very diligent in making sure his product and staff are on top of his clients investments.. that all said its still real estate so keep that in mind as well. but as for integrity Zach has it from my point of view.

Also, in a time when homes are becoming more and more unaffordable, I believe that investors and homeowners will seek markets where homes are affordable.

I am looking at an opportunity in my local area where there is a multiple unit mobile home park for sale.

We purchased the home on 04/08/2022 for $154,000 and sold it for $185,000 the same day.

We purchased the home on 04/11/2022 for $155,000 and sold it for $250,000 on the same day.

If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   

Does the home have amenities?