I intend to move all platforms like Airbnb and utilities to this LLC.

What this deal reminded me is that with mobile home on land deals, you are often buying the land, the utilities, and the zoning, while the structure may or may not add value depending on local rules.

How to make sure no liens on property like taxes, utilities etc.  

This is a solid, well thought-out breakdown — especially coming from an all-cash background moving into leverage.At a high level, the deal looks like it can work, but it’s fairly tight once you layer in realistic operating assumptions.A few things I’d look at more closely:• Your utilities at $700/month ($8,400 annually) are a meaningful drag — if there’s any path to reducing or partially shifting that, it would materially improve the deal• The maintenance and capex assumptions may be a bit light for a 1970s asset, especially with known foundation work• With only ~$700/month projected cash flow, even small variances in vacancy, maintenance, or expenses could compress returns quickly• Make sure taxes are fully stabilized at the purchase price — even smaller increases will impact your marginOn the positive side:• Basis seems reasonable for a 5-unit• Rents appear achievable based on your conservative estimate• You’re not relying on aggressive appreciation or proforma upsideOverall, I’d say:👉 It works, but it’s not a wide-margin deal — execution and expense control will matter.Curious — have you stress tested what happens if expenses or vacancy come in slightly higher than expected?

For evictions, courts usually focus on whether the tenant is behind on rent as defined in the lease, so charging a flat $100 for water can complicate things if you try to evict for nonpayment of utilities instead of rent.

Depending on where it is located you may be able to get the parcel divided but will need to be dependent on zoning, utilities, restrictions, etc.

Even at 2.5% monthly holding costs (taxes, insurance, utilities, maintenance), the math gets brutal fast.A deal that penciled to $85k profit with 90 DOM expectations is now sitting at $60-65k if you hit 180 DOM.

I don’t know that DSCR loans are a type of loan you need to wait to utilize.

Hi everyone, I’m based in Austin and wanted to share a strategy we’ve been executing locally that’s worked well for us.We focus on acquiring underutilized acreage in ETJ corridors around Austin and converting it into income-producing contractor and industrial yard properties.The basic idea is:- acquire residential or mixed-use acreage in high-growth corridors- improve the property with gravel, fencing, utilities, and security- lease space to contractors, trucking companies, mechanics, and service businessesDemand for yard space around Austin has been very strong, especially with the amount of construction and logistics growth happening in the region.One of our projects east of Austin involved acquiring acreage with existing structures and converting it into a multi-tenant contractor yard with warehouse, storage, and parking tenants.We’re now working on expanding this strategy into additional properties around the Austin area.Always happy to connect with other investors or operators interested in this niche.

If you end up utilizing a CPA in the future they can easily be granted access to view and edit your existing books.