@AJ Dhillon In addition to what's already been mentioned.

The other thing to keep in mind is to be very careful with the owner staying for six additional months.

In addition, those rentals were with 10 y.fixed, so cashflowed minimally.

Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.

From google maps pictures (2015) there were 5 additional homes that have been moved or torn down.EXPENSESStick built homes pay for all utilities.Park owner pays for water/sewer of mobile homes.Property taxes $2,000 yearly (166.67/mo.)Water/sewer, Trash, landscape, snow removal, etc monthly average $350There are additional misc expenses roughly $40/mo.Asking price $65k (15 yr mortgage about $400/mo.)Insurance unsure yet.  

Am I miss some additional costs?

However isn't the additional $16,920 I paid can be counted as expense when I purchase the property?

Price reductions have been implemented across the board, and the homes show good considering that they are not brand new.

Additionally, because we bought in a popular owner-occupied area, we've seen the property's value appreciate over %9 in the past 3 years.Food for thought.

Based on this report, I have asked the seller for an additional $10K at closing to make up for some of the costs I'll be incurring from the start.