Here is an actual deal 123 main street, where we would offer X ... put in Y and make Z ... or rental 123 main street, make ready ____, rents for _______, and we would be netting ______. 4.

We are just starting out in real estate and are looking to mainly set up passive income, but not exclusively.  

I decided at the time that I wouldn't pursue it as I convinced myself it was risky in case the neighborhood turns for the worse.Well, the property I purchased ended up renting very quickly and for $200 above the projected rent and the property next door just dropped in price, so it's looking attractive again.I'm hoping BP can convince me one way or the other. 

I called the local Habitat for Humanity but didn't know what department to talk to so left a message on their main line. 

Now because of all the people that attend they hold it in the main courtroom!

Howdy @Mike TaravellaReally the main concern I would have is not being too leveraged, but, what effect it has on my Cash Flow.  

Most likely I would be fronting the cash to bring in the new homes myself due to the park not being a real attractive one to bring your own home into. 

(We listen to BP podcasts in the car so I know BP attracts great people.)

I've generally purchased properties that had the potential to generate additional NOI and I've managed them such that I've forced quite a bit of equity, however, my main focus is cash flow. 

This is my first go at multi-family real estate as I have mainly invested in commercial real estate and have used quickbooks to do that.