This is not common on a parcel like yours, but is not unheard of by a long-shot either.

Last year hitting $100,000 on one of those would be unheard of.

It is not common, but not unheard of either.

(This is un-heard of for most other companies because they still charge a fee even if it's vacant.

And its not unheard of, that if you get yourself too good of a deal, down the road the person files a complaint with the states real estate commission and say that you took advantage of them.

There are circumstances wherein you can have two FHA loans at once, and this actually looks like it checks at least a few of the boxes, but I'd run it through formal underwriting just to be sure, since the exceptions are so relatively uncommon (but not unheard of).

Having to pay a tenant $200k plus is not unheard of there.

Depending on the city, size of the rental and location, a 6 Cap is not unheard of, but that would be for say a 30 unit apartment or more.Managers prefer to have lower rent and fewer restrictions as it makes it easier for them to fill the units and keep the tenants.

If you really got it at a price that is unheard of for laguna beach then I think breaking even on it in the meantime is worth it.

.- Downcycle Outperformance: MHC is the least sensitive property type to negative changes in GDP - the average stay in in MHC is 13 years, unheard of in residential real estate - resulting in stable predicatble cash flow with an ability to consistently, yet responsible increase rents.Lastly, a quick glance at some MHC investors and proponents:Warren Buffett is a significant investor in the MHC space, favoring the sector for its stable, predictable cash flow.