They can sometimes be more open to funding niche investments like mobile home parks, especially when you’ve got proven cash flow and a solid plan.Another option could be talking to your uncle about seller financing.

Make sure you understand the auction process and are prepared for any unseen issues with the property.Auction Considerations: With auctions, pay close attention to the condition of the property, title issues, and financing restrictions.

Usually living in it for a few years may be enough for it to cash flow positive when you move out.  

Quote from @Brandon Leffler: Im in a similar situation ,but I need more cash flow before I make the jump.

Such a situation is recoverable if there is enough time for a market recovery and the cash flow is at least break-even (or there is enough reserve cash to cover negative cash flow until it can turn positive). 

McKinney and Princeton have been growing a lot and it is a good place to invest, but it is always related to what you are looking to achieve in a rental investment, appreciation or cash flow.At this time that area does not offer a big cash flow and due to the amount of development going on there, rental demand has declined a bit.In any case you have to make an analysis case by case.

We work with 1031 intermediaries, builders, and investors to keep/provide a constant flow of investment property inventory for our investors & intermediaries.

Rented in Feb 2024, Lower cash flow than expected.

In addition lower rents will decrease the value of a property, not necessarily its appraised value, because no buyer will desire to pay retail for properties with reduced cash flow.

The property will cash flow $500/mo or more after all expenses and cap ex reserves, as well as the payment on the SBLOC.