At the time, just about everything was going for much higher price per square foot and with multiple offers.

Karin,I know I’m a bit late to this post, but I’d like to offer some advice for your future investments.

I think you should also confirm to them what lease renewal terms you are offering them so they can make an informed decision.If you make the repairs, you'll create some goodwill with the tenant and they will be more likely to renew.

I am passionate about mobile home parks and am quite familiar with the MHP investment space, so feel free to PM me and I will do my best to offer perspective and point you in the right direction.  

When you do the turnkey offerings to completely new investors like that, you're going to end up working with a lot of inexperienced investors who blame the turnkey operator for things that are a normal part of the property management business.

@CraigIf you have two offers with that high of down payment already you must be living right!

One long-shot option is to offer a lease at something like $1,300. 

I partnered with Build 2 Rent because I believe that it offers the best of all worlds.  

Negotiating Price: What’s a reasonable offer given the current income and potential for more?

The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.