That's why he has agreed to allow me to try and help him.

CAP Rates can be a beautiful thing, they allow an investor to get a quick comparison of properties without digging too deep into the deal.When using CAP rates on MHPs I want to give a few warnings because there are additional variables to consider.

  * Water- if you are not billing it back to the residents most utilities have a base rate then a usage charge over the base usage allowance. 

They allow buyers to get a realistic view of the property without visiting it physically.To utilize virtual tours and videos, follow these tips:Hire a professional to create a virtual tour or videoHighlight the property’s unique features and selling pointsProvide a clear and easy-to-follow tour of the propertyMake the tour or video easily accessible from your real estate listingRemember, virtual tours and videos can make your real estate listing stand out from the competition and provide potential buyers with a realistic view of the property to help further qualify the prospect as having a higher probability for conversion before a site visit.

There are DSCR programs for those who may be below 1.00 as well) Lenders will allow you to get really creative to make the DSCR work.

I like doing hyperlinks it allows me to review the different sources in about 3 minutes a day=b.

I've have my agent make sure each property allows STR.

If you are looking to use your W-2 and tax returns to qualify, you would be using a conventional loan, which typically don't allow LLC vesting (unless you transfer the deed later).

It is important to remember that if you buy a single family home that you will live in for a while, consider living in it for 2 years before you sell because the IRS will allow you to exclude up to $250,000 of capital gain on your property from being taxed ($500,000 for married couples).

One thing I did notice is that almost everywhere seems to allow pets so that may be something to consider if you haven't yet.