@Eric E.UBIT only comes into play in an IRA on leveraged real estate and running an active business.

The gentleman Chris Koerner seemed well educated on the topic (mobile home park investing) and he gave enough information and follow-up documents that you could take the information and run.

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

I am in the process of vetting property managers and they are int he running.

Did you run a DSCR calculation to determine cashflow?

Given today’s rates, running the numbers with a lender to compare options is key.I work with Aslan Mortgage Lending, and we often help investors structure financing to maximize both equity and future growth.

That will change as the hope for lower rates diminishes, lenders get more assertive on maturities, and sponsors run out of time and money. 

Start small, run the numbers, and ask tons of questions.

@Loren Souers I'd have to run the specific scenarios with the rates and fees, but if you're OK with paying the higher closing costs, the Mortgage 1 deal looks good, particularly if you focus on CoC returns.

They’ll help you identify the right areas, run the numbers, manage renovations, and handle leasing.Focus on neighborhoods with strong rental demand and properties that are undervalued / in need of manageable rehab.