If you don’t plan to sell the lots w/mobile homes is there a reason you have to split the lot?

In the Houston and Katy markets, prioritize cash-flowing properties that can withstand current high interest rates, and plan to scale by reinvesting cash flow or refinancing when rates drop.

Congratulations to you for setting yourself a goal and having a plan in place to execute it. 

I don't think they verified that the tenant was planning on leaving either.

So don't let someone discourage you because their investing criteria is different than yours.As far as financing goes, there are options for financing if you have a plan for the property.  

We also just purchased a house in Oliver, WI that we plan to run as a short-term rental.

Red flags for me include people who are overly optimistic without considering risks or those who don’t seem to have a clear plan for their contributions to the partnership.

The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.  

do you plan to live in that property?

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?