Someone has seen and solved your problem in the past, no need to reinvent the wheel!

And learning to focus on what will actually produce a result in my goal area, and not just spin my wheels.

We bought a La Cross new a few years ago because it was an AWD sedan with rear air bags which were important to me and we could not get a good deal used.  

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.

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.

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.

We’re not going to cash flow for a few years, but we’ve planned on that.The reason I care about the appraisal is because of the cash out when we’re done with our construction next year, so we’re trying to maximize our ARV (which is hard in our area, especially with an ADU).We’re super excited though about the ADUs and TIny House on Wheels (THOW’s), and definitely looking to take advantage of that for all the rentals we can acquire (but we won’t do that for flips).

All the investors saying otherwise for trendy metros in the last couple years are going to be the ones who lose their rear ends as this current economic situation plays itself out.If you really insist on investing here, BRRRing, room renting, etc is the only way you'll get close to coming out here.

The house is 77 years old, 1050 sq/ft, block and beam with 100% brick veneer, needs about $55,000 in additional improvements and has foundation problems (rear of house sits 7 inches lower than the front). 

When he gets here with his machinary we will have him pull off the 2 rear decks that we have to replace.