Thoughts/Advice on a “tiny home” park
Hey everyone, E.J. here.
After listening to hundreds of hours of podcasts and reading “How to Invest in Real Estate-BP”, I’m trying to decide where I want to get started (niche related) and create a plan to mitigate risk. I’ve felt rather drawn to catering towards college students and considered doing the “rent per room” method. However, I had someone bring up that a friend of a friend is renting out a (livable) storage shed by the lake via Airbnb and doing quite well. Sooooo.......
What about a “tiny home” park? My thoughts are to purchase livable storage sheds (mini kitchen, shower, bed, desk) and place a few on a half acre or so out of city limits. The homes would be small enough to limit/dissuade any partying and separated to potentially reduce noise complaints. Not quite an amateur yet on all of this but someone also mentioned depreciation could be a big friend.
I’m rather conservative so I think I could do one then work my way up (this would mitigate risk). I just don’t know if I should lay a slab foundation, how to go about installing sewer/septic, electricity, etc.
Any tips, thoughts, ideas?