When the relevant tax laws were written, they were meant to apply to traditional businesses like hotels and motels.

In theory maybe you set up an LLC and go through the traditional route of buying mobile home parks but then you are "renting" from the LLC.

.📍 Purchase Price: $210,000🔨 Rehab Estimate: $60,000 (mostly cosmetic + roof)📈 ARV: $340,000 conservatively (comps within 0.2 miles)⏱️ Timeline: 4.5–5 months📊 Exit Strategy: Traditional resale — possibly to a FHA buyerI’ve flipped in this market before and built a great crew, so execution is pretty dialed in.

Because, first it needs to be an asset class I generally believe in to create strong returns with minimal risk.Then it has to be a group that is both professionally run, with a clear focus, and also strong alignment of interest.Within the alignment: it gets to what Michael was alluding to: the groups that are run to make the sponsors rich right away with copious fees, no true co-invest, egregious waterfalls, etc.  

Sometimes seller financing, sub-to, or hybrid deals can create cash flow where a traditional bank loan doesn’t.

@Neil Smith,Yes, Traditional IRA can be rolled into Solo 401K.

HELOC's are variable rates and slightly higher then a traditional 30 yr fixed, but a HELOC is a winner if the only need a little bit of money at the money.For this type of HELOC, you may need to use a small bank or credit union.

While this is an incredible opportunity, I'm facing a challenge in securing a loan for the $275,000 due to high interest rates from traditional lenders.I've been exploring the option of seller financing, where my family member would act as the lender and provide me with a loan to purchase the property.

STR and unique structure makes it more difficult.Next level above a residential appraiser is a certified general appraiser who is able to do both residential and commercial and will have more experience.But if the bank has their own appraiser, then I'll have to tell the bank that I want to use my own appraiser who understands the structure and business of STR.Right  now, best bet for me is to play it conservative, build with cash, run it for 6 to 12 months, show cash flow, get a general certified appraiser and then do a DSCR if traditional financing is unavailable in this small market.

High rental yields since you can charge higher rent typically than traditional.