Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

There are usually 5-10 RE investor meetups and networking events each month, as well as a few very active FB pages.

., materials, labor, holding costs), and the net profit will be subject to both income tax and potentially self-employment tax.If you run lending as a business, then interest income changes to ordinary income.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

My personal investments are split into multiple LLCs, each with their own bank accounts, and it doesn't cause any problems.

Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

Another 1% in seller closing costs of various types, and another 1% for seller paid title insurance.

Quote from @Caleb Graham: Add PM costs to your calculation.

The financing was secured by another property but now I’m trying to pull equity out of the mobile home property to free up equity in my duplex for future deals. 

The foundation of my personal investment philosophy is to buy deals and not lose them to the bank.