My recommendation was that if she has access to a HELOC she could utilize that for renovations, or if she has a friend or family member with one she could try to work out an arrangement with them.

On top of that, you have private utilities, which is generally a bad idea on small parks.

Do you include utilities?

Numbers are below:Discounted purchase price: $182,000Rent: $2,600  ($660 and $660 for occupied units, projecting at least $640 for each vacant unit)Mortgage: $623Property taxes: $231Insurance: $171Property Management 9%: $234Reserves 20% (repairs, CapEx, vacancies): $520Trash bill: $50 (tenants pay all other utilities)Cash Flow: $771Down payment: $45,500Closing costs: $8,000 (verified)Repairs: $40,000Total cash invested: $93,500Cash on cash return: 10%.My goal with this property is long-term hold for cash flow.

Month to month unfurnished without utilities: (12k stays in) 290/3480. 7 years to equal flip profits.5.

Still working on the outcome of a more efficient home with lower utility bills and design-friendly with minimal stairs.

If they can fully utilize it is another question entirely.

I see a lot of van life videos, but always wonder what you pay per night to park it and hook up utilities?

Split utilities also makes a property being "single family" a hard sell.

Hey Tyler,Yes, paying off that mortgage would bring you positive cash flow but do you really want to dump that much cash without utilizing any leverage?