Partnering with MH Property Solutions provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

He gave me the property (through a Quit Claim Deed) but his name is still on the mortgage (which I have now taken over payment for).

The plan here is to have a local (RV Certified) tiny home builder do the marketing to attract buyers that want to buy their tiny homes (cash or 25 year financing) and live in this park, until there are 44 pads occupied by tenant-owned tiny homes, paying $750/mo lot rent, on 1 year leases.

@Tanjaree TurnerIf you can move it to a self directed ira then you typically don’t pay penaltiesThere are several sdira companies on BP who could provide more information or a simple google search will give you names of many.

I am curious regarding local regulations on STRs and if there are any cities in Skagit Co that have stricter rules in place.

Hello everyone,My name is Max Gracyalny, and I'm a college student at Virginia Tech majoring in Real Estate.

The problem is that I live in California (which is cost prohibitive for me currently to "buy local") and must rely on remote management that is local to the investment area. 

Are you local?

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

Also, does anyone use/have feedback on local Airbnb cleaning services?