I've reduced the CapEx initially, because the property is coming with a brand new 50k roof. 

Our idea is to buy it, bulldoze it, and build a brand new home on it and use it as a vacation home and also pay for it it by renting it on Airbnb.

Hope everyone is healthy and safe.
I’ve been a constant browser/lurker of the forums but never had the courage to introduce myself until today. You can say that I had “analysis paralysis'' on my first introduction po...

We have been renting out this property and have made few repairs during all the years such as brand new roof and new complete AC system plus water heater.

Being that this would be basically brand new, I would push that to at least $950 per unit. 

The city has given me the pre approval to move forward but I need the money for the project.That amount will cover the purchase of a brand new MH among to the installation and city permit needed.

Raising capital is skillset that can be developed and will come down to creating a brand and systems that attracts the right investors. 

They basically are re-branding themselves.They asked me to sign a new management agreement (contract).

Oh, and whatever you do, do not buy a brand new car, furniture, etc just because you got that first job.

This is my first rodeo...brand new.