If you already own investment properties, you have to show reserves for those, too.If you're going to own a rental, it is essential that you have cash on hand for big expenses that have a way of popping up.  

Newer parks that contain more expensive mobile homes are better, but my guess is the older run-down parks are more profitable for an investor.

Insurance companies require evidence of damages and expenses - it stands to reason AirBNB would also require such things.That said, they should be more specific about things such as why the invoices you did submit were not adequate.  

As @Brian Adams said, make sure this is a deal that is worth the potential expense. 

Sorry. I didn’t mean to double post but I can’t delete the forum.

Hey BP, I’m looking for any advice that an amateur investor like myself can use in order to locate and determine a less expensive market in my general area where I can purchase and rent out my first property.

Be prepared for extra expenses on the interior part of the home because of the non conforming shape of the building that creates alot of customization for trim, drywall corners, cabinets, built in's, etc. 

So any way you can improve operations (raising rents, reducing vacancies and expenses) will have a compounding effect on how your business is valued (code for forcing equity), allowing you to potentially refinance and get cash out of the property to use toward future acquisitions.Tenant experience. 

Even if the rent is real, you need to discount it to account for expenses.

If you do it right you can live for free, lowering your expenses and allowing you to save up for the next property.