I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-$365 22 Vacant Lots 1 Stick Built Home Sold on Contract @ $595Average Monthly Income: ~$7,005 which equates to ~$260 per lotGross Income Income: $84,060 Expenses: Landscaping / Maintenance: $8,350 (9.93%) Insurance (liability only): $250 (0.30%) Real Estate Taxes: $8,400 (9.99%) Utilities: $2,700 (3.21%) Administration: $1,800 (2.14%) Waste Management: $4,600 (5.47%) Total Expenses: $26,100 (31.05%) Net Operating Income: $57,960Assuming a 10% Cap rate the value of this property today would be $579,600. 

That means you MUST find deals, which usually equated to marketing, which isn't something you can turn off and back on, whenever the notion hits you.

My assumption would be that the decision becomes simply a numbers equation.

Say you put that 10k in and made 7% per year for 5 years and compounded it each year that equate to a 7% IRR for those 5 years precluded that your 10k was returned to you at the end of the period.

Your answer is discovered through a math equation. 

But one of my rentals I have owned for 9 years, not including the several month initial rehab, has been vacant a total of 3 months over 9 years, which equates to 2.8% vacancy rate.  

It can be difficult to equate 50/50 value so you would need to find someone who complements your skills and lack there of, or someone who can contribute skills, time, money, or knowledge into the deals.

Last night, I came to the realization that house hacking might not be the best first option since the amount coming out of pocket will not actually equate to "living for less." 

Flood insurance is just one aspect of the equation. 

So to come up with my offer on a house to present to a cash buyer, I use the following equation:ARV x Investment Percentage - (Renovation Estimate) = Cash Buyer OfferSo I'm trying to figure out how people come up with the investment % the use in the equation.