Given the current NOI of $19,440 and a reasonable cap rate of 8-10% for a park with park-owned homes and septic systems, a fair price would range from $194,000 to $243,000.

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

Sold it for a profit fairly quickly.

As for rent, the three parties agree on a fair rent for the apartment and that is what you pay the partnership every month in rent.

You just need the labor cost to install both of these - but even combined with the labor cost, it makes so much more sense to do it this way.Kitchen and Bath companies are a wonderful resource for homeowners, and I'm sure some out there give super fair prices to investors!

It's much better to be able to do your own screening as oposed to hoping the seller did their homework :-) If the property is clean and the rent is fair, it should rent out quickly.

That's fair.

Number 1, Always tell the truth and deal fairly.

I'm also considering finding a seller that would pay more than me to help my father-in-law out and perhaps get a wholesale commission that I could use on my next (ok, first) brrrr, but I'm not sure the best way to validate a fair price or know what a fair wholesale commission would be.

I was to start assembling a team together and am looking for any recommendations of contractors that will offer a little bit more hand-holding, as I am still fairly new to this process.