There are long standing legal methods of performing a survey and allocating the property...e.g do you assign property based on pro-ration between lots, occupation by improvements ect.

There are too many conservative counties around with leaders who think through things rationally instead of reacting to all the SJW nonsense. 

Its not rational but economics never is.

I ask b/c I was under the impression that with a healthy debt-coverage ration from the rental (I've heard lenders like 1.25) that loan doesn't really count against you.Originally posted by @David M.

OK, since it's a very popular topic here and both sides don't seem to agree on anything (like the world we are living in right now), I'd like to offer you what I saw (from an "almost" 3rd party perspective) and hopefully generating a rational discussion:Question: Why we are seeing the equity market (stock) and the real estate market are going through the roof despite the current economic meltdown?

When risk increases, required return increases for a rational investor.

If you knew the park paid water/sewer I'd do change the expense ration to 45-55%.

My eventual goal is to obtain 12 rental properties so in like ten years I can slow down and use the rent plus investment dividends to fund a much simpler life...Does this sounds rational, am I looking at is all wrong?

The rational is that it is not a real business if it is not run like a professional business.

My guess is that the OP, 22 years old, is looking for rationalization for NOT going to college.