You said highly leveraged but how leveraged is that?  

I would highly recommend being as up front with any lender you work with and to find a broker/lender/lawyer team that is all on the same page from the beginning and are familiar with these types of transactions.

.- highly appreciated!

(granted, the land was 50% of that... but the investor walked away with a nice 6 figure profit and never had to pick up a single hammer)As a reference, I made my living as an RVP/General Manager for one of the largest Manufactured and Modular home companies in Florida and specialized in both high end modulars as well as "Mobile Home Park" turn-arounds.

Property owners have operating expenses that are rising just as fast as everything else in society. 

I highly recommend DFW Landlord Services for a lot of this stuff.

After over a decade in asset management where I currently oversee a portfolio of more than 45,000 apartment units nationwide for a large Fannie Mae/Freddie Mac lender, I am finally ready to get into my first small multifamily buy and hold investment.

To achieve cash flow in this high interest rate environment, it will take finding/making a great deal or putting more money down.

Most deals purchased in 2022 were at absurdly low cap rates and highly inflated values. 

Hey Cody, I did this exact thing in 2019 when I bought my first apartment complex.