I have a MHP in Lakewood and the city does not have storm drains in place for excess water runoff so we have a French drain in place to keep the water from pooling in he MHP.

In my example on the duplex in Texas, I am paying down the loan with EXCESS cash flow from my tenants.  

We dont rent by the room but I think if we did we have an excessive use clause for water that i pont out on move in that I would still keep.

I didn't get mine until age 31 but then again I spent a couple years at grad school in my 20's and I also live in an area where the average house costs in excess of $600k so ownership is tough for a young, single earner (thank God I got married eventually!).

Savings to pay for books, to pay for fees, to put fuel in the car so you can drive around, cash to pay for an REIA membership.

:D ...fee schedules vary from lender to lender (FHA is explicit on allowable fees, and I would need to know more about the project to determine excessiveness).

Any excess charges are a different story.

My base plan starts at $100 a month, and this includes 100 live operator minutes, with excess minutes billed at $0.95/min.

You still have management, maintenance, advertising, office supplies, legal fees, eviction expenses, utility expenses (at least during vacancies), damage done by tenants in excess of the security deposit, lawsuits, etc, etc, etc, in addition to the expenses Will listed.

Insurance costs may go up on your coverage after you lease to a company that sells, oh say, liquid stove fuel or ammunition, like a sporting goods store.Renting to a title loan company might show up in your insurance policy as well.