Totally depends, but I find most self managers have no idea what the market rents or vacancy rates in their market are. 

Don't depend on Airdna data.

Hi John.It really depends on how recently you received the gift.Typically lenders request bank statements for the past two months.

Depends on your state, but generally you can comingle deposits with other deposits so you'd only need one deposit account.

Depending on the experience we may opt not to go the LLC route and try to establish other strategies for asset protection that is consistent with management and cost minimization.Would appreciate hearing about the experiences of other real estate investors, including about the pitfalls to avoid with this kind of structure? 

For myself, I think my ultimate goal is to have an alternate cash flow to offset my dependence on a day job, which would allow me to choose a job I enjoy rather than have to find a job based on salary and ultimately allow me to travel with family more and enjoy life rather than stress about money.Thanks in advance and hope to connect and gain wisdom!

Rents (dependent on the local area and subdivision, but for sake of this sample, let's use this #) = $1,700 to $2,000.3/2 mobile home vintage 1980s with 1200 sq ft in our area:  Cost $10,000 - 25,000.  

Hi Jenny,The value of solar panels is likely region dependent.

Your Credit Score: 680+ or 700+ will get you better terms depending on the lender. 660 is the minimum for many lenders.

Typical rates are 8-12% of income either monthly or yearly depending on manager.