We are in a quickly rising interest rate environment. 

For instance, even though interest rates are on the rise, rents are as well.

With interest rates rising maybe this is the top?

Feel free to reach out if you have any questions.Interest rates are rising quickly and I have regularly been seeing cash-out refi rates in the high 5's/low 6's. 

Values should continue to rise and you could make a killing on the home in the next 5ish years.   

The rents are currently a bit under market so they would probably need to be raised for this to make sense.I've analyzed the deal a few different ways and with rents raised to market I think it would cash flow around $1,000 a month.This seems like a great off-market opportunity for me to snag another rental property without buyer competition, especially being right next to my current property, but with rates rising so quickly and a large down payment needed, I can't tell if this is something I should just let pass me by.I could probably get $100k together but I would need to bring in a friend or family member to help out.

Assuming cashflows are pinched because of rising rates, this will reduce competition and drive up Cap rates, but its not a 1 for 1 correlation on a particular property.     

Pay cash or put more money into the deal until it cash flows is the easy answer.Another answer would be to look in another area or to get ahead of rising rents in the path of progress.There's always money to be made in value-add vs turnkey. 

In New York, Albany especially, rent control laws are on the rise so it shouldn't eliminate you from purchasing something with tenants, but it's important to mitigate risk.

-MHs are affordable housing, which is in very high demand (and demand will only further skyrocket as inflation and other costs of living rise)-MHs can be in Parks or on private land.