We can also understand a div stock will not need a roof or have any ongoing turnover costs, vacancies, evictions, vandalism, code violations, insurance claims, sewer lines, landscaping blah, blah blah.Fortunately we can compare 5 years div stocks to 5 years random sfr returns and your friends blog conclusions are not debatable.

@Aaron PetersonI moved your thread to the landlords forum.Snow removal ... it will be here before you know it ... .I've already put our RFQ as we were not happy with our service in one city last winter.In our experience, when it comes to landscaping/lawncare and snow removal, anytime you cannot define where one tenant's domain ends and another begins, the obligation falls to the landlord.If you have a side-by-side duplex or a row of townhouses where each tenant has their own drive and patch of green, you can hand-off snow removal and lawn care to the tenant ... though you are just as often better served to take care of it yourself and bake it into the rent.Anytime you have stacked units or a block (such as a small purposely built quadruplex), the parking and green space are common areas (just like stairwells in the interior) and fall to the landlord.

You can get a handyman to give you a estimate for the inside repairs and a landscaper to give you estimate for the yard.  

This was also during the crash so the landscape was very different.  

Weed out the dilapidated MHs (which from the outside is most of them) Sell off as many MHs as possible striving to be that no park owned homes kind of place to reduce the maintenance costsHire professional management which should ultimately make the park more efficient therefore creating more cash flowDress the place up with some landscaping, maybe a new sign at the entrance, an overhang for the mailbox area, maybe a play park to really make is a classy family community.... basically whatever will make it appealing but still cost effective instead of the junk yard it is nowThere are roughly 5-7 of the approximately 9 acres for sale that are undeveloped.

I found one that I like and had good pricing it was going to be about $75 sq/ft (this includes garage - which won't count for sales comps) about $160k for about $90 sq/ft which include everything from plans & permits to appliances and landscaping.

I have 40 spread among Livonia, Westland, redford and garden City

Cut grass, wash windows, gardening, what ever your community needs. 

If this house were in perfect condition: with new flooring, paint, landscaping, appliances, fixtures, it would sell for between 400-420K. 

Fully landscaped yard maintained by the HOA.Down Payment: $0.00 Loan Amount: $203,000.00 Amortized Over: 30 years Loan Interest Rate: 3.625% Monthly P&I: $925.78Monthly Income: $2,200.00Monthly Expenses: $1,949.20Monthly Cash Flow: $250.80 Pro Forma Cap Rate: 4.97%NOI Total $14,119.00Cash Needed $4,000 Cash on Cash ROI 75.24%Purchase Cap Rate 6.96%