If your market is buying at that number then thats perfect but thats not the case here.

Buy a house using your parents' money, then manage it for them while living there.

We have one other mobile home park and this property will determine my desire to buy more or sell.

Obviously, no one wants another 2008 situation, but I think easing up on the regulations a bit could be great for both investors and people buying homes.

If you are simply buying for a lifestyle investment, then you have much more leeway in what/where you might consider buying.

If your goal is to grow faster, buying rent ready properties isn't the usual way to do that if you have limited funds to start with.

I have clients doing 1 a quarter thats about the slowest to others that will go on a mini tear and I will help them buy 5 or 6 over a 45 day period then they go to work.But generally my busy folks will do 15 to 30 plus a year..

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

I’m weighing two options for our housing situation and would greatly appreciate your advice, given the complexities involved.1.Renovate and Buy Another Property•Invest to renovate our current home adding a bedroom to the house given our family outgrew the house.

Of course this all depends on if you are buying locally, right?