If it was a single family home renting to students I might have them handle the lawn, and provide a push mower- the type with the blades driven by the wheels and no motor.  

Like anything, education/research, relationships/mentoring/training, and experience/tile behind the wheel are three foundational elements to being excellent and successful.

I never had success w mobile homes but we had great guy in our area who owned several parks and wrote 2 great books "deals on wheels" by lonnie scruggs.

That's costly to form, to run, to account and file tax returns for.Individual trusts for each property will avoid that problem, with little to no extra accounting work.Hope this sets the wheels turning--all part of the educational process.Good luck.

Originally posted by David Cawley:I'm not an investor yet - but I've used this rule as a cold hard kick in my rear end.

We need people with money Rich Weese to keep taking cruises, buy RVs and more RE because his rents and RE are going up and financing costs are decreasing.

Whether your building on a barge or a tiny house on wheels, the fact the that base/structure is non-standard will add complexity and cost as well.I don't know Anacortes's rules specifically, but wetlands/shoreline and tiny houses don't mix well in many cities and counties in WA, especially when you throw Airbnb in as well.

Otherwise you will continue to restructure like a hamster wheel spins - and waste $$.Beware that a holding company or LLC in NV will not deter local (out-of-state) statutes unless whomever you contracted with signed away their local rights favoring NV law.

And both values must be calculated using software so it isn't any harder to determine their values (besides deciding your safe rate and reinvestment rate).I appreciate the importance of IRR as a form of training wheels since the concept is already difficult to grasp; someone learning shouldn't try to jump straight to understanding MIRR.

BP has a lot of good information regarding real estate in general.We have a great community here on BP in the Canadian Forum; why reinvent the wheel?