That means you make 2k in origination and then 11k/12 = $916/month.Let's say they hold it for 5 months = $4,580 + $2,000 origination = $6,580 return on 100k so about a 6.58% return and your risk for that return is 100k, cause the deal you back can go sideways.There's a much safer way to make a better return. 

This is causing me issues because I have to take time off work to clean, and new tenants are pushed back on their move in time to the evening. 

Hi Nathaniel - Given that it was caused by a water leak and might be seen as a necessary repair, you can try to classify the expense as a repair rather than an improvement to get an immediate deduction.

If the bottom insulation of the home is torn and the skirting is not properly maintained, it can cause a host of other issues, like pest and moisture problems.Additionally, if the foundation is not sturdy enough, situated correctly, or on a concrete slab (permanent foundation), a mobile home’s support may sink slowly into the earth over time.

The floor has quite a few issues (high points, low points, pitting, flaking over an 8 sq ft area where there was a plumbing leak that they caused, and many sections are still wet even after a week).

TFrom my experience helping manage over 80 STRs, we’ve had great luck with pets, and it hasn’t caused any issues.

In this post, I will focus only on the location requirements.Rents Rise Faster Than InflationInflation erodes the value of money over time, causing prices for goods and services to rise.

Traditional lenders in this industry won't fund you on a purchase of a SFH that has leases for rooms and the building will need to be in your LLC name which means a primary bank won't lend you either cause of that and cause of your employment status.You have a real chance to start. 

Within two months, they were causing disturbances, fighting with neighbors, and creating an unsafe environment for other tenants.

I think the spirit of what they are trying to do is good, but I can see these rules causing all kinds of issues down the road.