Nathaniel Sconiers also remember that you can deduct the expense as mileage of being used for business.

@Russell Brazil  ah, just needed to google the word "warrantable" to learn that it's a FNMA set of standards.  

The program will have clear standards, consistent documentation, solid accounting and other features which we believe are significantly different from the way other turn-key properties are usually offered.If you will send me an email with your basic criteria, I will reply with the outline of this program.

Will pay for itself pretty quick.Also if you are buying your list from listsource have them buy your list for $0.15 per lead not the standard $0.29 cents.

Nothing in a mobile is standardized like an SFR and getting access to parts is a big problem, let alone the expense.Consequently, the LTV on mobiles will be worse than commercial loans.

Wealthy people invest money for income, or for tax deductions (read: profit increase).

Most companies dont mark up materials, they just do a standard 15% mark up total for any repairs in general.

The owner has to take depreciation later on, the amounts to be reported won't be paid by the owner but by the tenant, you're claiming deductions you didn't pay for.

Hi @Jenny PennockI agree with @Gail Kaitschuck on trying to do a regular tenant first before dealing with Section-8. 30% of my properties cater to Section-8, but I "graduated" to this after a handful of regular tenants and once I got comfortable with the standard rental practices.

How much did it cost, and how was the process compared to a standard mortgage?