The water wasnt going down and she was getting dirty water backed up.

The numbers:Two sites - an 80 site lot and a 29 site lot, both in the same town.Lot rates - $265/monthFirst lot is City water and sewer, billed back to tenants.Second lot is City water and sewer, individually metered.Electric and trash are also billed back to tenants.Occupancy - 45%Built in 1983City Population - Approx. 35,000Park is all tenant owned homes, with the exception of 5 units.  

I would rent for similar, but would cover gas and water.

This is the scenario I came up with:Renting the 2 other rooms up top at $500 at a room, upping the bottom separate rent to $1500, and renting out both the garage/shed units, I was estimating around $2675 total income.I would ask the bottom tenants to pay their own Water/sewer/garbage and electric, while offering it included to the tenants renting out the bedrooms up top.I estimated for a total of $15k in rehab costs since the property looks like it could use some TLC, assuming all the foundation/electric/plumbing are good.I also planned on keeping the train going and using another loan to secure another property 1 year after an FHA loan on this one, thus opening up the top unit for full rent or another room to be added.This is a screenshot of the calculation I made in excel.Let me know what you guys think.

I'm holding up on any offers...unless it's a really good BRRRR deal...because we are in uncharted waters. 

Louis investor.... best advice I can give is to do your homework, get familiar with terms, a few strategies, then test the waters!

It's a 1960 property and needs rehab (not immediate) but over the years, sits on a septic and own water well.World has changed in 3 weeks, and US in last week.

A water heater for a cheap house costs exactly the same as for a house double or trippple the price.

A month ago that request would have been a no go but we are now in unchartered waters.

Thank you for letting me follow along - I've already seen this is a pretty tight group (unlike the rest of the BP forums), so I'll try not to taint the waters.