Purchase price: $550,000 Cash invested: $120,000 Sale price: $710,000 I bought in December of 2022.

Purchase price: $550,000 Cash invested: $120,000 Sale price: $710,000 I bought this property in December of 2022.

That will discourage a large amount of bad applicants.

Section 8 can provide someone with a "partial" amount.  

An example of a recent seller carried transaction was a $335k purchase with $35k down payment $300k loan amount at 5% interest only on a 3 year ballon.

I never regretted keeping my first house as a rental because it cash flowed very well from the beginning and as years passed and rent increased it became an outstanding decision .However, our home was significantly less expensive than yours.

Using a HELOC, you'd become the bank and finance, your own transaction for a cheaper amount. 

.: I would love others to look up their market stats but I am not seeing mobile homes as depreciating assets in regards to their resale value.We bought a mobile home Dec 31st 2017 for $55,000 because the guy needed cash before Jan 1st.

Depending on how many you go through, heaven help you if you have that, in addition to a major expenditure (i.e HVAC failure, roof) For people with not great cash flow, you wipe out yearly profits every time.

The first few years are zero cash flow, but then 5-8% CoC from years 3 to 7 or so.