“Ideally we would like to sign a longer term lease and it would be incredible if we could do it at a reduced rate” please keep in mind this tenant have asked multiple times in the past that want to purchase this property and we have said ‘no’. 

I know the cash flow is weak, if not potentially negative, once insurance and taxes are included and that may immediately make it a bad deal for some investors.

Collen, Maine is a rural state. i rec'd an invoice from the electrician that he bought 2 baseboard radiators and charged $1,000 to include labor.

Some of our clients have opted to pay capital gains tax on a portion of the proceeds and use that money for the renovation.Not all purchase contracts include the 1031 exchange language.

It's a complete guide to all the key considerations you will need to make and the provisions you'll have to include to ensure your loan is safe and secure.

If anything in 10 years you probably wan to rotate anyway for a myriad of reasons, including avoiding capex.  

Are DST fees included in 5.25 estimate I read some as high as 20% fees?

Unfortunately, a lot of investors first starting out (myself included) tend to focus on finding motivated sellers in these types of communities and then try to talk to the park manager and/or owner to make sure they can do business there.

AIRDNA: As is (1bed/1 bath): Projected Revenue $50k/year, Net Operating Income $24k/yearPost rehab/rebuild (3 bed/2 bath): Projected Revenue $120k/year, Net Operating Income $76k/yearZillow Rent Estimate:As is (1 bed/1 bath): $2,900/monthProjected rent based on comps in area: $6,500/month We would also more than likely include an ADU in the new build.

You need more eyes on this property (including yourself) to get a better picture of why the quote is so high.