Specific income from any park owned homes is not capitalized, this should be factored in as more of a bonus. 

Starting pay of less than $20,000 was the standard.Today starting pay can be around $80,000 (including new hire bonuses). 

So you can buy a primary residence and get bonus rental units at the same interest rate and down payment you would have to make on a primary residence by itself.2.

After the auction ask some of them how they evaluated the deal and why they bid what they bid.PS bonus idea, go out to the various investor groups in the area and network.

@Dan Handford Under the new tax law can't you use bonus depreciation on all of the items that have a depreciation life less than 15 years?

An added bonus is that in Philadelphia there is a 10 year tax abatement program that allows you to significantly reduce your tax bill for new construction homes or full rehab properties. 

Let the technicalities on the late fees go, find the best middle ground solution for both of you, and offer her a bonus to find a new place as you'd rather salvage your relationship and it isn't worth having this come between you two.Chalk the loss of fees and possible rent for a move out bonus as a relatively inexpensive lesson learned about renting to family/friends.

Her motivation was to be done with the long distance headache and any money that she realized from the sale was like "bonus" money to her (similar to how folks often view their tax returns as "free" or "bonus" money).

Or pay contractor a bonus for completing on schedule.

I also have the added bonus of getting lot rent out of it so the return goes through the roof.If you have taken into account all your recurring costs as well as your "escrow" items such as furnace, roof, flooring replacement, YOUR TIME and effort, and you still net $250/month cash flow, that is a pretty good return.