View report*This link comes directly from our calculators, based on information input by the member who posted.I have done the numbers on two identical manufactured homes.

(BRRRR) I guess more details are needed to give you more guidance and ideas on your next move.  

I would love to go into details on how to estimate costs of putting work into it (materials, getting to know contractors, etc) to make an informed decision when purchasing a property up front.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I do have my own spreadsheet that I use for detailed flips & rehabs. 

Put something in writing detailing all the improvements he has done that states the improvements stay in the property when he leaves and he will not receive future compensation for said improvements.4.

I was thinking with equal values V_VWhat's your point of view with Capex reserves in the calculator, which seems to be part of the NOI?

If you have questions about how to find a good PM and what to ask them, I wrote a blog post with some of the details you'll want to look at, you can find it on my profile. 

Best of luck, and feel free to PM me if you have more specific follow-up questions or details to share.

. :) Without going into too much detail on the tax code, we know that 1)  less than 7 days or less and 2) 30 days or less are two of the 6 exceptions to rental activity provided for passive activity purpose.