Also fresh paint goes a long way!

Comparatively, trailing 12-month sales volume peaked in the second quarter of 2022 at $140 billion, but has since fallen close to 60% from the recent highs.This slowdown highlights the lingering impacts of rising interest rates and the commensurate uncertainty around asset pricing as rent growth has begun to decelerate.However, private capital remains at the forefront of buying activity, fueled by a steady tide of fresh entrants to the sector and existing operators' efforts to beef up their portfolios.

I would rather start fresh with tenants of my own choosing. 

I always wondered, during the housing boom, why people would buy the MH on an infill lot over the older site built homes - well first I made them with perfect curb appeal, but what I found was they wanted everything new and fresh inside.

We've halted financial leaks, brought in fresh talent, and implemented training and bonus programs that nearly doubled productivity.

If they were fresh out of medical school and didn't have a  high net worth I'd anticipate it being more difficult.I'd anticipate leasing to a dentist fresh out of school with no book of buinsess, and really no experience running a shop of their own to be pretty high risk operationally. 

I’m now ready to buy a home and I have about 20K saves up again.. but it wouldn’t even matter if I hadn’t rented out my first home- because my debt to income ratio got a fresh start basically so now I can afford as much as my income allows.

I think it's a good idea to budget for an additional 10% of expenses on top of your initial budget to account for additional unknowns during a rehab.That way it's baked into your numbers.

If you're buying a new build, I've heard of scenarios where some of the furnishing can be baked into the loan, but it's a bit of a gray area that you need to act cautiously and work with the builder and your loan officer.

I've picked up on this sentiment when owners express the need to "start fresh."