I've got a good amount of deals I could probably send him to get the 10k each, assuming they fit his criteria, they don't fit mine.

Do you have a track record of purchasing and operating real estate on your own?

.: That sounds very similar to how I operate.

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.

Originally posted by @Joe Sera:@Christopher Smith when you 721 into the UPREIT you receive Operating Partnership Units (OP Units). 

I've been doing this 20 years, so know how to operate these.

I operated in Baltimore city for less than a year.

Property owners remain responsible for operations and maintenance, only because they retain full ownership.

Does the operational company already exist and have income history?

Depends on the operating agreement and docs you signed.