At what point do you feel overleveraged? I hear anything less than 1:1 is conservative. I feel like 4X equity is OK long as they’re good cash long properties.
How do y’all mitigate risk? Do you look at worst case scenario, in the case of economic downturn? If things depreciate 50% can we still pay the note? Do I have enough cash to pay the note for 6 months till I can liquidate something?
What’s great about mobile homes, is that in the case of bad times, someone has to live there, and will always be worth the price of rent.