If you're a blue-collar worker making $50,000 and carrying $20,000 in debt on cars and credit cards, a $7,000 roof can be devastating.It also depends on the number of units.

Carry on.

@Derek AckermanI am sort of in your position at this point, it is difficult carrying out family duties while working full time.

I think 3 older single wides are included, and one fifth wheel/travel owned by the park, all 4 are rented, and at least ten of the RV spots are rented/full.Price would be $350,000 for everything, and seller wants to owner carry.

@Mehgan MooreAlso, from one perspective, paid off properties carry a higher risk than one with a large mortgage on it.

Should we carry the title, so if the buyer defaults we keep the trailer? 

That's not a guideline, it's just a product of the math specified in the guidelines.Once your net rental casfhlow is 2.5x your personal housing expense + all consumer debts, you can carry on getting Fannie loans without any other source of income.

One thought is that as you build a track record, you can start to leverage outside capital to earn a portion of those profits as well through carried interest.As an example, say you only contribute 20% of the equity capital to a deal, and have an 80/20 profit split above a certain return threshold for investors.

Carrie

Can anyone tell me what is the total cost to the stage and carry including all expenses for a short term rental if I sublease the property for :3/2 SFH2/1 SFH1/1 apartment.Very much appreciated