I understand that the two I already have aren't very good cash flow wise: that's why I'm buying the 19 units, because they are.

Is it wise to invest in old property and to renovate it for residential cum commercial use?

RV- on average, in the long run, you can expect 50% of the rent to go towards maintenance/upkeep/big stuff/vacancy/etc/etc/etc.let's take for instance a roof....say you aren't socking away the 50% of every month's rent, and all of a sudden (not that this usually sneaks up on you), you need a new $5000 roof. if you were 'cash flowing' everything besides the payment, and you were getting $1000 a month rent with a 500 payment, the roof would eat up 10 months of your 'cash flow'. so in essences, considering nothing else happens that year, your net would be $1000 for the year (roughly $83 a month)it is wise to factor for these from the get-go so that WHEN (not if) something comes up, you will be ready.in a $1100 month rent, you can expect over the long run that on avg $550 a month will be needed.

Choose them wisely.

Do you think this would be wise in the long run if I want to sell this in the next 2-3 yrs since I'm told that post 1973 MHs are easier to finance for a potential buyer?

.- Business wise you are gtting royally screwed.

I'm willing to help you in any way possible labor wise.

He won’t be able to get away by blaming Bush, Clinton, Silly Old Joe Biden, an Alaska Governor or a Wise Latina.However, there is a way that Obama can be reelected and we have been down this road before.

And as mentioned, it is always wise to talk to an attorney before doing anything.

Hey Ana, I think it is a very wise decision for any out-of-state investor to investigate who they are going to do business with before investing.