He's a close friend and strategic lending parter of 20+ years.

Are you close enough to move into the unit that they are occupying?

Quote from @Account Closed: Hi, I know a company that can improve your capital with a credit card.

You might have enough to demo the mobile home and break even after closing fees on both ends.I think your upside isn’t nearly as good as you think.

Both are making money and have reasonable cap rates, a bit lower than I would like, however, not horrible Imo. 

You know it’s funny back when I was flipping in dc pre covid, I was always amazed at the prices and in the back of my head was like I cannot believe people are paying 800-1 million to be in a tiny rowhome in a frankly pretty rough area, now of course everyone who didn’t grow up here throught it was just was the way it was, but growing up here I tried to explain to everyone just how bizzare it was that the city was so much more than then the burbs, (from 06 on there were entire areas that went up fourfold, where as the burbs were kind of flat for a decade) I won’t say I saw dc’s crash coming but it seemed so unnatural to me having grown up in the area, I also don’t think we’ve seen close to the bottom as far as urban real estate, as you said you can still trade a house in the city for one in the burbs but really given how urban living is + remote works, cities should be significantly less than an equivalent burb.

but that lowers your CoC return. 

You decided to close down your business to create another LLC.

When bonds are bought, yields go down, meaning investors are OK with lower returns.

Lower down payment and a non recourse loan.