You could also do a cost seg on the $500K sale which depending on what the dirt is worth you can take a large deduction year one of renting it. 

Of course it all depends on pricing and what your target demo is.

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

Wholesaling commercial property is possible, but it depends on each scenario.

@Ryan Cousins it's really going to depend on YOUR analysis/projections of what you think the property will be worth in the future.You'll want to compare that to any capital gains tax-savings if you sell now.

I know there are differing opinions on what number they should get a PMC, I think it depends on how much work you want to do and how much time and effort you want to put into it.

Depending on the flooring specs you *might* be out of luck because a lot of LVP/laminate type flooring specifies on the install that straight runs will be no longer than X number of feet and room changes will be installed with a transition.

Your criteria will depend on whatever you value most, population trends are a good indicator of what to look for.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.