The problem being  there is a lack of good solid inventory.

Financing may be available from the seller, from KOA (if a KOA park), or from a local bank (who may loan on the land and improvements, or extend a business loan guaranteed by SBA).

Although, I've heard other people say that this is a great way to improve cash flow.Shared utilities can be split still.

I think I've decided not to go with it, the inventory in the area is too picked over for a multi family house and I don't care if I live in it or not.

As we put on the other post, its very competitive & low inventory in the lower price points right now.

I would also recommend checking if your house would be in historic district as that will complicate any exterior improvements now and in the future.If you would like to meet up sometime my husband and I would be willing to help a local investor.

Strictly speaking you would also be prohibited from improving the property yourself because that would be considered a contribution to the property.

.: Have done it, but due to the costs and what my intent was in the long term, I did that as a capital improvement and depreciated it over the lifetime of the equipment.

Inventory has been tight but is showing signs of opening up.

I also know many landlords whose cash flow never improved due to ever increasing taxes, not to mention vacancy and maintenance and perhaps the all too frequent floods.