Do you have some numbers you can show us related to parks you own personally?

The home needed relatively significant renovations which is what we wanted in a first property.

I love that you saw an opportunity to both help your relatives and create some multi-generational wealth.

One of my my goals is to retire by the age of 35.

Also depending on the age of the home and zip code it is located there may not be much difference between an ACV and Replacement cost policy. 

It kinda sounds related to trying to build a new mobile home park.

I am sure many can relate to my situation.

if looking for appreciation(terrible strategy) look further north, in florida, there are plenty of smaller communities that are predicted to grow with our aging population.

Below is from Fannie Mae:“If the borrower is personally obligated on the mortgage debt (as evidenced by inclusion of the related mortgage(s) on the credit report) and gross rents and related expenses are reported through a partnership or S corporation, the business tax returns may be used to offset the property’s PITIA”.If anyone has any knowledge of this or experience in doing this please share!

This property was bought for about 85k and has 90% cosmetic-related improvements to be made.