I won't go into it here, but if you want to exchange into multiple properties, there are some important rules about identification of replacement props you should get comfy with, namely the standard 3 Property rule, the 200% rule, and the 95% exception.

Another thing, the kitchen door originally was short, I had it reframed, and now it is a standard sized door.

Use that land to increase the park from 30 lots to anywhere from 50-90 lots.

I think REI is the best path for me to take to increase my capital with passive income and short term goals, Long term investing is not something I want to start out with.

I let them know that I am looking to increase my buyer's list and wanted to know what type of properties they purchase.

It's never a guarantee with higher-end or lower-end tenants, but your risk of a bad tenant increasing as the quality of property decreases.

So when it came time for the lease renewal, we got an attorney to make us a strong lease according to michigan's state laws and handed her the lease, the price increase to $1100 plus $50 for the pet if she wants to keep it.

My father is in the real-estate game and with the previous experience I got, I've realized that this is definitely something i enjoy and would like to pursue.For the passed 3 months I have been concentrating on increasing my real estate investing knowledge daily through books (7), many podcasts and articles as well as youtube videos.

$200-$300 cash flow is a good number after all expenses but I would find a way to increase your COC return. 8% is pretty low but if you can find a way to have less of your cash into the property, your COC will be higher and you'd have more to invest in other properties.

My strategy would be to hold onto this property for 20 years while my parents receive the income and then cash out when the market is right.Rent: 8% gross salesCap Rate: 6%Base Term on rents: 11 years with 3 10 year options.In my projections I'm assuming sales increase 1% a year below 3.5% inflation.Using this conservative assumption IRR is close to 9.5% over 20 years (assuming an exit value with 7% cap).Does this sound like a good investment strategy?