Price: $795,000Community Type: All agesNumber of Lots: 22Current Occupancy: 86% (19 Mobile Homes) 2 vacant lots, one unit in the process of being certified Average MH Lot Rent: (Tenant Owned) $325Average MH Rent: (Rental Units) $768.75Animal Fees: $25 Per Dog: Current revenue from Dog Fees is $300 a month.Size: 4.24 AcresGross Income: $98,400 + $3,600 (Dog Fees) = $102,000Current Monthly Rent Roll: $8,200Market Cap Rate: 7.8%The seller also says there is an additional undeveloped half acre that could be used for additional homes (8) or RV/ boat storage, etc..

For instance for any closing costs that cannot be rolled into the loan (e.g. appraisal), for rehabbing until the first draw, for loan carry costs until the property is stabilized (HMLs are not cheap) and of course reserves for a thousand things that might go pear shaped.Best of luck in your BRRRR empire. 

His tenants look like they fell off a Harley and rolled into a ditch.

Account Closed I would just focus your free time outside of school on educating yourself as much as you can in real estate so when you graduate you are ready to rock and roll.

HSAs rock in the private sector.Now that I've spent a little of your cash, I'm going to gang on to the others and suggest y'all keep rolling with more properties.  

We review rent rolls as part of due diligence and it turns out that both are leased for the next 10 months.Luckily we were able to cancel the home inspection, so there were no out of pocket expenses, but I have two heartbroken clients.

Unfortunately, I see too many people "decide" to get into note investing but they have no long-term marketing plan in place and don't really know where to look.Yes, to get the ball rolling more quickly, you can immediately network with some investors who sell one-offs, which can be good deals with reasonably good returns; but to get great returns and a consistent stream of deals, you need to have a long-term marketing plan.Usually, new people do not want to hear this.

Let’s roll up our selves push through this as I know we have great energy & great purpose.

I dunno...I find it works best for everyone to get the ball rolling and keep it going.

Normal home inspections don’t cover those pipes, so you’re rolling the dice without getting them scoped separately.