They are gross rent estimates that include the rent plus the cost of all tenant-paid utilities, except telephones, cable or satellite TV service, and internet service.

I think of it as a vendor line of credit that MUST be paid back when the unit is placed in service.

This property caught my eye for several reasonsmostly because I drive by it frequentlyit offers a commercial space, apartments, and mobile home lotsit's close to my other investments and where I liveI feel like this is an area ready to grow (it's the non-interstate link from big town to small town)it's not so expensive I can't find a way to do the dealI've been investigating mobile home investing lately, and this is one way to learn thatI don't have a physical office space for my business, and this would lend credibility to my business (and allow me to have high-speed internet, which I can't get currently)I can use an apartment and rent my SFR for morethe mixed use feels like diversificationI wouldn't be surprised to see an investor try to buy this and several other spaces up for a large developmentI see potential in possibly converting the mobiles to tiny houses and increase rents accordinglyI'm not in love with the deal, but a couple of those reasons would sway me to consider a less-than-great deal, for non-financial reasons.The numbers really look not very good, and it looks like a bad deal as it sits, considering I'm adding 1000 in rent increase and no rehab in this scenario. 

I have my financial life together so I've only had amazing experiences with the major banks, they seek me out offering assistance and services for deals.

If you could pick them up at 60-65% ARV (seller carry lenders typically don't have robust notes and deeds of trust, servicing notes, and pay histories) and work with the borrow to refinance at or near a full payoff, you'd make a killing.

We have Home Rental Services, M&M Property Management and MRE Property Management as vendors here at MAREI and we have had no complaints on any of them. 

Right now in particular, I'm currently fighting with the hot water tank & gas furnace, hoping to find someone who could check those out without me having to contact a major company to come out for a service call and then be upsold into purchasing a new unit.

For instance, you have ordinary income (income from performing a service like flipping a home, selling inventory, or working a W-2 job).

If you know, is the loan being serviced by a real services, doesn’t sound like it.

Is it being serviced by a licensed servicer?