Additionally, I would appreciate community insights on renting out properties that aren't condos or co-ops in this area, as well as the market value.Thank you,Manon

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

@Martel, if you’re reading this, I’d love to hear your thoughts as well!

Hey Eli, hope you've been able to find a reputable company, but I can PM some suggestions over as well if you still need some.

I’ve put a bit of money into the building and it has appreciated quite well.

I would call around to as many lenders as you can and just find one that you feel is the best fit and communicates well with you.

For example, if I have an LLC for my own property management company and would like to work under a brokerage is there any reason my LLC couldn’t be set up as a subsidiary under the brokerage and then break off in a few years. 

By making targeted upgrades and ensuring the property was well-maintained, I was able to enhance its appeal to prospective tenants, thereby increasing occupancy rates and rental income.

I specialize in helping investors grow their portfolios strategically, and your skill set would be a great asset in this space.Best of luck with whichever path you choose!

I see you're a contractor as well as a real estate agent, are you still active on the building side?