@Danny Strong find someone who is operating and learn the business from them... with this knowledge you have your foundation for raising... if you are pooling other people's capital you are responsible for vetting the deal and the operator.

Of course after all that you'll need more of the how-to guides, but it's really good for foundational knowledge that can help offer a sturdier base to work from.

do i use 25% of income as a foundation pay agreement?

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

Spent 80k on Excavation Foundation, Framing,  All inn so far spent 250k and I need just 150k to finish the house, House will have 2165 sf with 480 sf studio with separate entry.

This scares off a lot of people so be aware Just need to shop around for a great contractor and ask for referrals to not get screwed over Mold Try to figure out where it is coming from so when you get the property you can eliminate it Mold comes from accumulated moisture Be careful about mold in the basement, there may be a leak in the foundation Compartmentalized configuration By removing a wall to open up the kitchen it usually makes it more appealing Landscaping If the yard looks horrendous, there is a lot of opportunities there JUNK Lots of junk discourage a lot of buyers when it's pretty easy to clear outThree Problems I Avoid When Shopping for a Rental Property Neighborhood Don’t buy in class D areas.

Just trying to see if I have the foundation of it right.

Purchase price: $20,000 Cash invested: $60,000 Fix and RentPurchased Needed full remodel, foundation, electrical, plumbing, roof, HVAC, kitchen and all 3 bathrooms, new flooring throughout.

With there being an established foundation and relationship that probably is a no brainer.

I have a scenario where I have found a manufactured home on a permanent foundation in an area where you own the land & have a very small HOA to pay for water, pool, parks, rec room etc.