If I wanted to do high stakes gambling I would go to Vegas and get free drinks not pay so gurus to blow smoke.

Let’s call it what it is, a damn dart board.IMO, it’s important to recognize that despite the high costs of real estate / interest rates, and depressed demand as a result, this does NOT seem to be the 2007 housing crisis all over again.

For years we had a local chattel lender who took on higher risk loans for those without the large down, not super high credit, and on older homes.

Is the rent high enough to justify someone else investing in it?

Active Income - Passive income, from rental real estate, is not subject to high effective tax rates.

I would highly recommend being as up front with any lender you work with and to find a broker/lender/lawyer team that is all on the same page from the beginning and are familiar with these types of transactions.

(granted, the land was 50% of that... but the investor walked away with a nice 6 figure profit and never had to pick up a single hammer)As a reference, I made my living as an RVP/General Manager for one of the largest Manufactured and Modular home companies in Florida and specialized in both high end modulars as well as "Mobile Home Park" turn-arounds.

.- highly appreciated!

The 2nd distribution is close to what they forecast for the preferred return.

I recently installed a high efficiency hot water heater and furnace in a single family home in Western PA, I called the building inspector to ask what permits I needed, and he could care less about permitting for it.