Fast forward two months, and now the property is rented out, so I decided it was time to refinance.

What you’re counting on is even a slow rate of appreciation, say equal to barely inflation, called it 2-3% being multiplied by 4 or 5X because you only put down 20-25%.

I have some lined up but will need more so I appreciate all the feedback/concerns as I start to shop it around. 

Often times, their approval processes are slow.Credit Unions - Their member structure also subsidizes their financial structure so they can also be a source of low-cost financing.

Get a big downpayment so that the buyer doesn't end up in the same situation 5 years from now.

We've got tons of Churches in the ghetto where the pastor calls me trying to sell the building to me for 20x what it's worth. 

There's just so much wiggle room doing this, especially since you're dealing with a family member who completely understands the finances of the park. 

You will thank yourself it cuts down the calls by 90% in my experience. 

Call your insurance and tell them it's about to be a tenant occupied property on 1/13/2025. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.