Hello ,I am new to the forum and working as a Loan Officer for several years and also own an Auto Detailing business.

It would take more than 5-7 years where I'm located ( northeast )Steve,I find that one of the best tools for positive cash flow on rentals, even when you are dealing in the ball park of $250K, is the Pay Option Arm.

Vail, Winter Park, etc???

With an alley and offstreet parking.

We fell in love (I know, I know) with a not great looking home in a great neighborhood with a beautiful park within a 3 minute walk.

I send them all my business for my credit repair program for auto dealers.

Well my calcs actually were at .75 ARV, and that usually includes your 10% cut, thought that's just from my standard calcs, though thats to get in the ball park.

Are mobile home parks stable?

Since it's still the cooler season, I haven't been running the A/C (it's usually on auto, it kicks on when it needs to and hasn't for a while), but the siding isn't in the garage, so I thought it was wierd that the wall was opened there.

We'll have off street parking and ability to get a dumpster to the rear of the home.We can get the property for $33k, we can get a low interest ( <5% ) @25k rehab loan from the city, and as much as a $6k grant at the end of the project if we agree to stay for a few years.