Challenges?

Challenges?

Challenges?

The challenge is that your GC --- in this context --- would probably be doing most of the work while subbing out the speciality trades (e.g. eletric, HVAC, etc.).

The initial challenge is finding units that have the right rents to make it considerable.The closer to Universal or Ventura Blvd, which is the Valley’s version of the Sunset strip, the higher the rents.

I've been reading up on it - fully aware how challenging it can be to get financing, finding inventory and all the management involved but also intrigued by the cashflow if the deal is good. 

The owner can legally implement a community rule change banning the use of oil heating and force all residents to replace their furnaces to use electric or propane/natural gas.Be careful in assuming a community owner has no rights or taking advice from those that do not invest in land lease communities.

If you are seeking conventional lending, you are self-employed and you have W-2 income in any fiscal year, and if you stop working for any agency or company where you earned W-2 income, you will have a more challenging time getting loans.

@Greg Grant Numbers look good, but sounds like you could be in for some major challenges in the tenant and property management department, EVEN if you hire a PM. 

I see the challenge is if you wholesale it and seller wants money upfront and the buyer is going to cash out the seller.