YOUR PROPERTY SHOWS POSITIVE CASH FLOW. SO WHY DOES IT FEEL LIKE YOU’RE LOSING? I bought a 1970 single wide mobile home on a quarter acre in a neighborhood full of similar properties. I ran my numbers. Everything looked great. I closed, started the rehab, and almost immediately hit things we missed in the inspection, a tree limb hit the roof, and a bad water heater with plumbing problems running to it. We went over budget but pushed through and got it rented. Then the tenant calls. Drains aren’t working right. Thousands of dollars later we had it fixed. A few months after that the tenant left, and we ended up with squatters. We weren't even a year in, and this property kept coming at us in ways none of my other mobile homes ever had. I started calling it "the property that kept giving." Looking back, I'm grateful it wasn't my first deal because if it was, I probably wouldn't still be in this business. Here's the thing. On paper, that property still showed positive cash flow for stretches of time. But it was draining me financially and emotionally in ways the spreadsheet never captured.
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