I have started analyze the deal and am still working on the details. monthly costs are roughly $1300Potential income is between 8k-9k dependingcurrently only 1 lot active at 950/mnth9 others with mobile homes in need of repair - cost of rehab of all units could be up to 100klot rent would go from 300-400 per without homes in this area seems like a pretty high upside and not very low downside to the deal.

Greeting BP,Curious to hear some general thoughts on how high is to high for home prices.

Thanks in advance This is a very highly revionalized question.

I point out that even if the building didn't need much work in the last 20 years,  many systems (roofs, water heaters, paint, windows,  and may other things) were clearly wearing out and may not last much longer and to avoid unpredictable expenses a proactive approach was necessary to start upgrading)I then followed up with individual conversations with residents which helped me to understand their finances a bit and hopefully understand their ability to pay and what assistance program(s) they may already be getting or be eligible for.   

I got some cash in hand which i can either put in a high yield savings account or use to pay my current mortgage and then cash out when i buy the next home. 

I can share what I think is the recipe for success to select an investment that delivers high ROI.

Rent-by-the-room is in high demand here in Atlanta.

It isn't insanely different from regular deal but it is also great not paying high fees for a DSCR loan.

@Graeme Harris This is going to very highly by location and their rules.

The cost of entry is low while the cash flow is high.