@Andrea BerginMost MLS sites have strict rules against this.

Insurance can increase, and will increase, but with flood insurance programs being Federally mandated, they are under strictly guidelines. 

That way you can take all your local context into account and be able to take on some properties that others overlook because they follow a strict rule.

It feels to me that it is not strictly a cash flow move but also an appreciation move.

When I used a heloc to buy my 1st 4 plex, I had a very strict plan in place to pay off that heloc in 2.5 years.

The logistics of BRRRR are a little too daunting for us right now, having not built a very robust network (particularly in the way of contractors); we've had a hell of a time finding people to work on our own home, much less on a property we are on strict timelines for.  

You first look at the net income from strictly real estate (lot rent, renting of any stick-built homes and apartment) and not including an personal property income (rental mobile homes) and then apply a cap rate (typically a range of 8% to 10%)The normal expense ratio is 30% (if tenants pay water/sewer) to 40% (if park pays water/sewer),Cash flow per lot is not a normal metric.

The building adheres strictly to Oahu vacation rental rules...you can only rent per 30 day rentals.

A traditional financial advisor or CPA will see only certain dimensions, while someone with a strictly real estate investment angle will have another perspective.

I want to keep it strictly business, just in case