This is the first one we have started after the new legislation went into effect which requires all a public auction be held prior to the issuance of a treasurer's deed (CO Rev Stat § 39-12-103 (2024)).

I wanted to get general guidance on commercial warehouse development (Standard metal steel building) around 5000 SF (Divided by 1000 SF each).

The best lenders can overcome these and know when to put the 'pedal to the metal' and can get the deal across the finish line.

I’m considering a 1031 exchange and would like feedback from investors who have experience with mobile home parks, particularly smaller, park-owned operations.Current Property (Selling):Duplex purchased in 2021 for approximately $145,000; estimated current value around $210,000\Loan balance: about $90,000Gross rent: $2,400 per monthNOI: approximately $16,000–$18,000 annuallyCash flow after mortgage: around $750–800 per monthLow management requirements and stable tenantsReplacement Property (Under Consideration):Seven-unit mobile home parkAsking price: $395,000Rent: $750 per unit plus $40 for water (total $5,530 per month; $66,360 annually)100% occupied with long-term tenants, several in place four to five yearsAll homes are park-owned, purchased between 2016–2018 with metal roofs and Hardie sidingOwner pays water and sewer (aerobic septic); tenants pay electric and trashMaintenance handled by one individual for $400 per month using personal equipmentGravel road, well maintained; potential to add one or two additional homesMy Pro Forma:Vacancy: 5%Expenses: approximately 40% of effective gross income (includes water, insurance, taxes, maintenance, mowing, etc.)Estimated NOI: $37,800Financing assumption: $255,000 loan at 8% interest, 25-year termAnnual debt service: approximately $23,574Projected cash flow: about $14,250 annually ($1,188 per month)Cap rate: approximately 9.6%Cash-on-cash return: around 10% on $140,000 downDSCR: 1.6 (strong coverage)If the price can be negotiated to the $360,000–$370,000 range, the cash-on-cash return improves to roughly 11–12%.Pros:Consistent, well-maintained units with matching exteriors.

I just elaborated my question moreTo replace roof one contractor says 14k (he says 40 squares) to remove and replace:shinglesventsroof boots3 sheet plywoodinstall matl drip edfge everything upto GA building codeTo repair below he says 700$repair 4 roof bootsreplace rotten woodreplace missing shinglesremove empty wasp nest paint pipescaulk exposed nailsMy PM say 7k (he says roof measurement is 30 squares not 40 squares and mentions other contractor who says 40 squares is lying)to remove and replace:shinglesventsroof boots3 sheet plywoodinstall metal drip edge everything upto GA building codeplus synthetic underlayment and architectural shingoes (not 3 tab) and ridge ventsHow to know who is giving the right quote and doing the right work.What is the meaning of the squares?

Something painful and ugly, even it’s still too distant to see clearly now.Whenever and whatever the next crisis is, I want to survive it with my wealth intact.For anyone wondering how to protect themselves, here's a few strategies:• Diversify across asset types and even geographies• Keep some liquidity and “hard” assets like cash reserves or metals• Invest in assets with real-world utility (housing, farmland, essential services)•Use fixed-rate debt wisely—it can be your friend during inflation• Build legal and tax protection through smart entity structures• Keep learning and growing your network!!!

🙌Sounds like sheriff sales are equal parts treasure hunt, patience test, and mild chaos 😂.

It can go anywhere from $150 to $350 per SF just on the glass and metal.

@Tayson Neal Start with an FHA-backed house hack on a small multifamily (duplex, triplex, or fourplex).I’ve helped multiple clients here in Southwest Idaho — specifically in the Treasure Valley — do this exact play.

I agree with metal over wood bed frames from a durability standpoint.