A friend and I created one recently:https://drive.google.com/file/...It was meant to compare costs between different lenders, but you can use it to just see costs from one lender as well.

He's an experienced agent. landlord, he has his own Airbnb house in Covington and he understands that part of NKY really well.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

Hi,Brand new Mobile Home Park investor!

This has been my strategy here in NOVA as well - though true multifamily housing stock is hard to come by as you are probably already aware.

You didn't write how much 'sweat equity' you put into this place, but it was likely well worth it given the $400K cash out.  

And make sure to plan for the additional depreciation as well!

Have a great foundation repair company in your contacts list as well as a great structural engineer.Some flippers thrive on these properties as without repair they can be difficult to finance with financing an owner/occupant would use. 

Hi Rebekah, I own in South Milwaukee as well.

It's crucial that this allocation is reasonable and well-documented to withstand IRS scrutiny.