We didn’t really know that much about the mobile home park itself, but decided to take the risk on the opportunity, with the understanding that we could lose it all.
In the thick of our move south in early summer, we purchased Property #6 in Oklahoma City. Property #6 will be the first time we will work directly with Kendal to renovate the place and also use a contract that follows the cost plus model.
Renovating a property probably causes the most anxiety when investing in real estate. A lot rides on the results.