In the state/city these said parks are located two banks will finance with about a 20% down/balloon pymt type loan/15-yr amortization.

Hey Dustin, I’m  a newer investor myself with 9 doors across the Midwest.

Two reasons:1.

I persisted and much to my surprise one day the door opened a crack and thus began a multi month journey through this man’s personal hell that eventually led to a $30,000 profit.He owned a local Jamaican bakery that was failing; his marriage was ending and his soon-to-be-ex moved out with their 5 year old daughter; and now he had lost his house.

When I submit and offer and I believe I can find the seller, I submit to the agent, and knock on the door of the owners house later that night and have a conversation with them.

I have positive renters by the end of July 2024 but I do not have funds for the down payment to purchase at least two rental houses.

Quote from @Rohit Sareen: An LLC is useful for two things: anonymity and legal protection.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I also own 47 doors on the platform as an investor myself.

Contacted local DSCR loan officer and was told the best rates would be 7.325% with 30% down and that’s with two points.