Nobody wants a POS mobile built in 1951 that needs an extra $5k in capital repairs before you can rent it out, but obviously a 2005 DW that's at least B condition isn't something I would necessarily stray away from.My question is for all the park investors out there: do you prefer a larger number of park-owned homes or tenant-owned homes?

Designed to convey a message more than contain literal truth.

I've heard people say not to go with the big companies for mortgages but with a rate like this and no extra points or fee's, I don't know why I'd go elsewhere.

I’d like the extra income to help us either pay off the property faster or save up for the next house.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Everyone's situation is different, and the truth is, it depends.If you're looking at more than 4-unit properties, you will most likely have to have a legal entity to get financing (LLC, corporation, etc.).

I might have an extra number there for sure.Thank you again for all your help.Jasmine

I kind of giggled truth be told), liens and money to the seller make sense.

I see that a little differently, if they get 10% of the rent when a tenant is in the unit but get to charge a full month's rent to place a new tenant, and they're marking up repair costs for managing the contractors, then it is actually financially more advantageous for them to put a tenant in the unit that won't pay the rent so they can charge you to evict them in 3 months, make some extra cash on the rehab and then charge a full month's rent for placing another crappy tenant in the unit to repeat the cycle. 

reviews and will not ping you in general if we have that or similar).SUPER EXTRA BONUS HINT: You already moved those down payment funds from your "business" checking account into your "personal" checking account 3+ months ago, so I'm not going to have to ask your CPA to write a letter "promising" that the use of "business" funds for your down payment will not impact your business operations (mini hint: no reputable CPA is going to write that letter FYI, see above about insurance...).Your self-prepared ("stated income") 2019 YTD P&L shows that you're doing even better than you were in 2018 or 2017.If you did ALL of the above including the super extra bonus hint: Then I'm over 60% sure that your 2018 taxes will be the ONLY basis of your income calculation, assuming of course an above-average competence lender local to the state where you are buying real estate.