With the property losing money at that occupancy - which could be normal for the park, I don't think the benefit outweighs the risk - at best you're only bringing in another $5600/mo but with my estimates on RV parks, your expenses will eat that up pretty quick.  

In additon to that, non local lenders often don’t know that Philly transfer tax is 2.14% so their loan estimates are often incorrect.

Save a portion for estimated taxes and roll what's left into the next property.Don't let the tax tail wag the dog when you're just starting out. 

I’d like to learn some basics as we get into the landlord’s game but I think we’d defined be hiring this out, so shopping around and comparing estimates will probably be our next move.

Utilities (e.g. water, electricity): is $300 / month a reasonable estimate? 

Roofer & 1 GC already recommended re-doing, both with similar estimates of 20K for an 900 SF flat roof.- Main beam twisted and loly columns - bones of the house and that worries me- Back wood stairs that lead to backyard from 2nd floor are not properly attached to houseSo far Im bringing (2) more GC to provide estimates for repair of 3 items above and then go back to negotiate with sellers in this crazy sellers market :S.After this intro I wanna ask the community if you have any experience negotiating with issues above? 

Most companies use Loan to Value to estimate the equity % in home.

If you’re still in your inspection period or can access the property try to get a plumber and a contractor in to give you an estimate.

Estimated Value: $420,000 Exact floor plan sold at that price but I have new floors and appliances and better backyard.

Hi all,Wondering if anyone has any advice for the best way of paying for a down payment for an out of state investment (not owner occupied).I'm in contingency for a $200k property that I'll be putting 25% down on so I estimate close to $60k in upfront costs.I have the following pools to choose from:$20k in savings$28k in a self-directed Roth IRA (18k of which is principal)and almost $100k in a company sponsored 401kI've heard various things this year with regard to opportunities to pull from 401k without penalties, but I'm still unclear on all the ramifications.