Hi All, newbie seeking opinions or views. I recently came across some land in GA that is an abandoned MHP with 11 spaces. The land has RR tracks on one side which make me doubt trying to reestablish a HMP.  There is...

@Erik Whiting thank you for the response and i for sure agree that you have to be persistent with the effort and your right eventually the numbers will work in your favor.

Doesn't this put too many properties on your credit to eventually lead to maxing out what banks will do for you?

I eventually transitioned to Airbnb and rent the place out on a nightly basis.

Cash Flow - to be determinedEven if you only make $5 cash flow, you get a home for 0% down, that tenants will be paying off for you eventually :) Some Cons: If you lease the home, it becomes an Investment property in the eyes of Uncle Sam. 

I own a 4 unit building (single family home converted to 4 separate units) by the University of Cincinnati which is rented to students.

Conventional 3.5-5% down will auto convert out of PMI.

You could get a better rate on your rental by converting it to a 15 year if you’re comfortable with the payment. 

Half-true :)You cannot deduct these losses now, but you will be able to deduct them eventually, when you sell the property. 

There is nothing like our property on the market (yet) as the vast majority of people doing ADU's simply convert garages and maybe build out to 600-800 sq ft.