The parks are now take a couple hours a week for management and people in the park are always willing to help out. 

Two questions about this deal: (1) Since its our credit on the line b/c the mortgage stays in my name, we'd put a clause in that would allow me to foreclose on the house and get it back fully in my name if he misses two payments. 

With the city’s growing job market and affordable living, demand for housing should stay high.

So a hot tub is essential, and a nice outdoor area with hammock & firepit. or one of my students caters to families with smaller children and has bunk beds and an outdoor swing set and play house.. that is all they need there.

I'd hate for someone like that to be managing my rentals. 

Also, the prior management had done a poor job and gave us upside in operating expenses and in rental income.How did you find this deal and how did you negotiate it?

Back in 2008 when I was sued by a seller, yes a seller, for $2,000,000 for a house I bought in 2001 (let that sink in) he sold me the house in 2001 and sued me in 2008, I thought it was a joke.

Land   my target market for infill it has taken me 2 years to land a lot that will work.. put it into escrow last month..  900k spec house. 

It would be even better if you can get something that you can easily house-hack like a SFH w/ an efficiency attached to help out with the mortgage.

Purchase price: $234,900 Cash invested: $7,000 I house hack 2 bedrooms in a 4-bedroom home as Mid-Term Rentals.