Keeping your business and real estate finances separate can also make managing multiple properties and loans much easier.

The only thing I would add is stay within your means out of the gate.

I recently closed on an old farmhouse that was built pre-1900 with the plan to BRRR it.

Focus on improvements that are noticeable, durable, and enhance tenant satisfaction.

You would probably want a 50% expense ratio including vacancy on a park this small too.

Maybe add one for one side and the other for the other side when you have some more capital. 

Is that $24k on a $120k downpayment?

The Lender’s DCR – Theoretical and OptimisticLenders calculate Debt Coverage Ratio (DCR) by dividing Net Operating Income (NOI) by Annual Debt Service.Their version of NOI is usually based on: Market rent (sometimes even above actual rent) Standard vacancy allowance (often 5%) Limited expenses — typically taxes, insurance, and maybe management at 8–10%That’s it.

If you’ve got good boots-on-the-ground support, taking charge of branding, guest messaging, and social can absolutely move the needle on cash flow.That said, I’ll echo what a few others have mentioned, if breakeven (or better) is the goal right now, you might want to take a look at the Florida Panhandle.

@Deb Marklandyou got a great answer from @John Clark on the family aspect so i'll chime in on something else.you said "we increase our retirement savings."