They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.

As I start to look at what sub-contractors I want to use I wanted to see if anyone has a good base template for sub contractors to sign?

All Texas based. 

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

The out of the box strategies and set ups sold will never replace customized AP/Tax strategies based on individualized circumstances. 

It's adjustable based on size, erring on the side of generosity.

Can you deny someone's application based on this despite it being a medical marijuana card & not technically breaking the rules of smoking indoors?

A business partner approached me about it, and I negotiated the deal based on CAP rate.

GSP REI is a diversified real estate investment company based in the Philadelphia area.

Based on your estimated monthly "passive income" of $2,532 that you'd pay an investor, I'm estimating the investor would contribute around $380,000 to the acquisition, is this correct?