I just purchased my first property in Forth Worth to flip and I am based in Houston.

When you draw down the reserve you count it as income but offset it with the expense causing the draw.

Do mobile homes have a "book value" based on make/model, size, condition, etc. and if so, where can that information be found? 

Honestly I’d probably end up diversifying sales proceeds into stocks and some into DSTs to broaden my base.

You have to calculate based on a more than a few things like loan amount, down payment, taxes, Insurance, (Any HOA) PMI, based on credit, etc.If you are 1099 the Bank can look at the most recent 1099/Schedule C if you have been in business for 5 years or more with a 25% ownership in company or more. 

I recommend investing near economic bases near downtown and surrounding areas.

Hey @Felix Shi, your decision really should be based on your risk tolerance and goals.

Private money is good for maybe acquisition but not construction due to the draw process . 

That person can possibly help with some of the boots on the ground things and will charge an hourly fee that is much less than the percentage based fee of the property manager.

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