Obviously you have money coming in but the ability to get most or all of your money out of a deal will allow you to scale quickly use that money and your 75k each month to do a couple at a time.

You are currently at least 1 year away from financing (if you had the ability to bring everyone current today) , but if you keep the SFH you will now need a mod.Also - in reading the numbers on these homes, quite honestly none of them sound like good long term investment pieces to hold on to from a rental standpoint.

Your idea of 'buckets' with the ability to take notes & automations to remind you when to follow up are very easy to build in ActiveCampaign.

MH Parks Inherently more stable assets, especially if all the homes are owned by the residentsEasier to manage once the park is stabilizedFilling vacant spaces requires moving homes, setting them up, making renovations, marketing, sales, and potentially carrying notesResidents tend to stay long term Capable of producing extremely stable cash flow, with the ability to perform through a recession RV ParksA traditional RV park has transient traffic that moves in an out of the park.

Particularly with new investors, they get emotionally attached to a property which shades their ability to reason clearly (an agent trying to force the deal doesn't help either).

I can tell anyone working with companies to be safe to NOT give them upfront money period end of comment.There are other lenders who do not require upfront money.They will make the amount sound small or not that significant.These companies are professional scammers and the lowest of the low.Real lenders will understand in this climate that clients are skiddish of the being the next horror story around the corner.Once residential became highly regulated many of these scammers moved operations to the commercial side.Unfortunately I find more frauds than legit lenders.The problem comes in with alternative financing.Many banks want 70% LTV and have strict underwriting.The borrower does not want hard money and a bunch of points as the alternative.Instead they want to pay a few points higher and then have a 85% LTV to leverage their money to pursue more deals.This in between area of regular bank money and hard money is where the most fraud is occuring.The clients are desperate to land a decent loan without giving up a bunch of equity or having to partner with someone else.I believe more commercial regulation is coming in the next few years.Whoever you are working with if they are confident with their abilities and who they are working with they can get paid at closing.No closing-no money.

The last one I saw was beyond my ability to help, and I'll be looking at another after Christmas that looks very promising.So it hasn't been a huge month, but I'm pleased with the results.

Although the co. could not release actual billing #s to me because it's not my account, they said the billing amounts were normal for the entire year the tenants were in there--they never got a bill of $300/mo as they claimed.

Your letter is appropriate although I would simply leave out the part regarding the ability to terminate.

I live in Nashville as well and while my current home does not have the ability to add a garage like you I really like this as a passive income structure for future projects!