Great post Collin and it confirm that I am moving in the right direction. 

@Kristin Solbachjust to confirm... do you want to be an STR owner and operator?!

Personally I try to reserve my HELOC for emergency or unexpected costs during a project, so if you can try not to use all of it for the initial purchase and planned rehab.

And to be clear, they haven’t confirmed this is a markup.

Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.

My starting strategy is to do a few fix & flips to build some cash reserves up and then get into BRRRR in a couple of years. 

I wanted to confirm my understanding is correct. 

All monies from reservations we have get deposited into our account, and then at the end of the month we do monthly statements and pay our owners out of our account. 

Get detailed quotes on these to ensure it’s cost-effective.Zoning & Permits: Verify that your current property allows additional homes and meets zoning requirements for multiple units.Rental Demand & ROI: Assess demand for singlewide rentals in your area to confirm it’ll be profitable after all expenses.If everything checks out, these could be solid additions to your portfolio.

It's best to consult a tax advisor to confirm if your setup allows for cross-property PAL usage in your specific case.