Uploading... Your phone is smarter than you are,just need to know how to ask the right questions.
Entered escrow,330k,spent time talking to everyone living there.nobody had any real complaints.a $600 tenant is gone,so $2100 currently.the one nice m.h. is not p.o.h. and she has been there since 1986.two other trailers not in pics are also not p.o.h.,and are a mother son combo,mother is oldest tenure,son has never lived anywhere else(40yrs-+).not sure how old theirs are but,they are in the same general condition as the lesser ones,they are the free,de facto managers,landscaping included,i guess this is a case of you get what you pay for.house was used for the owner to visit,so now vacant and unsubdividable per county code( phone call with county planner) of 2.5 acre min.,from a 3 acre lot.my plan is to only throw about a thousand a month,increasing as I get more cash flow,hopefully I can get away with 100k ,including the house,which the owner did not want to rent as is for 1500.00 to someone,for unknown reasons.i think I will be lucky to get 2500.00 ,unless it was magazine quality,which would never be a pay back .what I think would be ideal is get a manager, in the house,paying token rent,then renting out the other rooms,for a profit(can't embezzle from yourself)the house is set up to be like a lodge,two bedrooms&bath,living room,kitchen.then the rest of the bedrooms& baths upstairs ,above a great room, three entrances,two with mudrooms,one for both is the front door room,the manager can be separate,inside the house