Speaking for myself, I have been VERY hesitant to offer advice for the past two years because my business model is also broken.
Life was easy…buy cheap lots with existing old beater s/w on it. Remove the singlewide and replace with nice D/W. Hook up water, sewer, electric, skirt, deck. total cash outlay 40K or so. set up on L/O with payments at 750 to 800 or sell outright with 10K down at 12% and sell before the deck was done for 89K. Had 18 of em cranking out payments and insurance, maintenance were owner’s responsibility. Life was good…my 16 year old daughter did one and the now rental payments are putting her thru college, (kinda lol).
Today these are All rentals and I’ve picked up a few more since and these are labor intensive. i net just shy of 50% on em and it keeps us rolling along. I still eat at BK and Taco Bell and drive a 4 year old Tundra. I probably work 25 hours a week and still work part time finding people from out of state homes. florida is and will remain a destination state,
It will be good to get new blood in here and I hope to learn some new things…I met Frank at San Diego I think and I like some of his ideas. Buying in this economy is…well gutsy and I like that.
I will post as I can and look forward to the new forum.
Thank you and God Bless Steve,