Hi Mike, Sounds like you've got all the bases covered; good for you. 

@Jeremy Levine I am a designer based in North Carolina and work with a number of investors designing their projects.

Following - I'm based in the Bay Area

I have a long list of athletes and celebrities as my client base so I have my business tailored to support their schedules and availability. 

Plus about 4k for closing/appraisal, 3k holding costs/utilities.As a rookie investor, I had some other startup costs including LLC formation, tools/supplies from Lowes (at one point I think I went to Lowes 10 days straight).It's definitely scary watching so much money outflow (EMD, down payment, rehab insurance, appraisal, pre-paying the contractor before the 1st draw, utilities, 401k monthly repayment) versus zero inflow during those 1st few months. 

Looking to invest in mobile home parks and need best knowledge base for this. 

Do what many others have been doing and are still doing, buy rentals with 10% or so net caps based on cash purchases in the Cleveland markets.

Especially since the projections for 2024 are based on historicals from 2023 and 2022, where the STR market saw declines.

I think it is harder to forecast the rental scenarios since there are so many more unknowns, but I made assumptions based on my 18 years of rental history.

You will see a variance from lender to lender between the max and min amounts they allow you to cash out on based on seasoning and other compensating factors like exceptional credit. 12 months is conventional, not an investor-friendly cash-out product.