I like it a lot of my vendors move the inventory in 30 to 90 days so we are only paying sometimes as low at 90 to 150 for insurance per home.Now if your going to keep it a full year or more this is not always the most cost effective.. but it works for a quick and dirty solution.I used Foremost over the years for my MHParks that I owned.. they insruaed the crappy trailers in said parks LOL

I don’t want any free handouts, I am ready to go to work and learn. 

I am sure I will learn a lot of base knowledge but will not likely be applicable for Canada... 

@Demetrius Lindsey yes, this is still applicable today.  

Since I'm trying to cut costs, I do plan on having the next two tenants pay for water as well. 

Feel free to message me if you ever want to get together and talk RE - love to hear more about what you're investing goals are in the Twin Cities market!

We should have put a renter in the property to cover the carrying costs of the mortgage but the investor wanted the property sold and a tenant can make that challenging so we continued reducing the price until there wasn['t any profit in the deal.

The ideal situation is you inherit it after they pass tax free with the new higher basis.

These will walk you through from the very basics to the expert understanding of what private capital is and how to use it https://store.biggerpockets.com/products/creative-financing-...If you want to start smaller with some free content here are a few great podcasts I can recommend that go over private financing in varying degrees of depthPrivate capital part 1 of a 5-part series with Amy Mahjoory https://link.chtbl.com/ZlYVqXS1Raising your first $1M podcast episode https://link.chtbl.com/BKwpsdf2Private money explained: buying without a bank https://link.chtbl.com/APiLG_Zj

In addition, minimal cosmetic upgrades, painting, new décor and new flooring will add more value relative to its cost.