In fact a 1940s ranch isn't even "old" in many parts of the country.

There is just a ton of inventory so you have to weed through the break even/second home only properties.

Ward, et al. which changes the licensing requirements for parties who are the assignee of a home equity line of credit (“HELOC”).Crux is the state is saying Mortgage Lender License Required for Installment Loans Where Installment Loan is Secured by Residential Property even if you did not originate the loan.

Is it possible for me to purchase a mobile home in this neighborhood then rent it out to the section 8 program even if I as the landlord own the mobile home but have to rent the land the mobil home sits on from the lot owner?

I'm rereading Brandon's book on Managing rental properties and he mentions that you need to give everyone an opportunity to apply, even if they don't meet the minimum criteria you have set.

We even went against the lessons this approach gave on one property and that property failed as a MTR (I was right, my wife was wrong on that one).

Some lenders (depending on the number of units) will even require two appraisals..paid whether the loan closes or not.- Reserves.

Be thankful that some of them are self-sifting out of the rolodex before they even get out of the gate.

The answer is that even if you had a formula it doesn’t work if you move 5 miles from the current site.

Some thoughts - garages or carports, for extra income from tenantsIf you have the ability to add a second driveway, consider trailer / boat / rv storage in an area enclosed by a privacy fence, or even garages to be rented to non-tenants for cars / storage.