Just remember, you have nothing to lose by making an offer, so go for it!

Hello BG community, I'm very new to real estate so please go easy on me :) I am currently trying to sell/gift my home to my parents (I do not wish to make any profits from this sale, nor do I wish to lose anything).

In this worst case scenario, I'd still get a fair wage for the work I put in rehabbing like any other job I would have done during that time and only lose out on the payout in the end.

If you can sell the homes for 20k each, that is a value of $460,000 for the homes, resulting in you having paid $840,000 for the park, meaning $66,240 / $840,000 = 7.8% cap rate for the parkIf you plan to keep all the homes as park owned rentals, your expenses will be a lot higher, your tenant turnover will be a lot higher, and you lose all the powerful benefits of MHPs.  

Not starting is worse than losing money.

You 'lose' money on the sale through closing costs.

-Bodie

You win some you lose some! 

No matter how much automation you get set up something is going to pop up that you didn't plan for.This person just has to be a warm body that you can have go onsite and report information to you.

I was looking for a starter property where not a lot of cash was at stake and I could potentially make some mistakes while not losing a fortune.