Also mobile home trailers have very low appreciation because they are consdered more like a car.

Determine how much money would be needed to handle each risk, and determine if you have sufficient liquidity / cash flow to ensure you can “stay in the game”.This is of course in addition to all normal “due diligence”, financial forecasting, etc. 

Be mindful that a house-hack is a partially a personal proprety and partially a business property.An LLC is normally meant to only hold business assets.

Both require us to have extra money over what's normally required.With Short Term Rentals - you cannot finance the furnishings. 

In 2020 I bought my first house 3 bedroom 1 bathroom and a 2 car detached garage for $175,000 and put a 10k downpayment on it and interest rate was 3.5%, in 2023 I decided to rent it out for $1350 mortage was $1106.62, in 2024 we raised the rent to $1450 and our mortage currently is $1144.76- I never put into account repair expenses, Capex, vacency until I read on rental investment properies book.

Here’s how it breaks down:- Normal Depreciation Recapture: Recapture is taxed at a maximum rate of 25%, regardless of REPS status, plus any applicable state tax.

So, this tenant's budget may well be based off of $850/month rent meaning they may have other obligations such as a larger car payment that they took on because they felt they could afford it.

I started off profiting $1500/month as soon as I bought the houses (all within 2 or 3 years ago) vs only $300/month with normal rentals that rent to a family.

Don't buy it - it's a normal marketing trick to get your listing.If he'd had a buyer- he'd try first to negotiate his commission.

I'd be happy breaking even just to get the equity on a building, especially since I'm currently renting - aka giving my landlord wads of cash every month to buy new sports cars.