At best it would be a similar return with more effort, but could be useful if you are looking to establish a track record in order to grow to larger deals.

I agree to start smaller, but this is a good deal for this area but its a gamble and i don't have the experience like you mention, Trying to think of other things to do with property (rent or airbnb) Anthony - i have been thinking about a cheap renovation of changing the windows out, adding the third bedroom, changing cabinet doors and painting cabinets, remodel of the existing baths.

Are you making enough money to pay ALL YOUR BILLS: Rent, Automobile, Groceries, Insurance, other items necessary to establish yourself as an Independent person?   

Establish a budget to promote artificial scarcity.

Hey Kyle,From my understanding -- yes, you do need to establish bank accounts for each LLC to be a legally recognized entity.

If you don’t have an established credit history or you are below a 720, you should not be applying for a credit card every month.

The established consensus is to apply cap rate to first year NOI to come up with a single value so a buyer can just pay the seller ONCE.

You establish 5 main tasks everyday towards your business.

The reason why most lenders won't touch anything that's built before 1976 is because that is the year that the HUD code went into effect, establishing construction and safety standards for manufactured homes.The issue you are facing with "physically attaching" structures to the mobile home will depend on the lender.

After this is established, in most cases you can then deed the property BACK into the LLC.