It feels classic Millionaire Real Estate Investor formula but now that I am staring it in the face, I am having indecision.  

But that doesn't mean I follow the "standard" formulas.

So the ideas about future education or switches would be personal decisions I suspect...On the investing side, real estate has been a worthwhile (and even profitable) part of my life (but it is no magic formula for happiness or anything).So you could see if a property (maybe think about a duplex, triplex or fourplex) would pencil out and you could even make a unit your home a short time and later rent that unit out, too, and buy another property (or just live On the Road!)......

Does anyone have any ideas what I should check out with the park, what to look for, what kind of rough numbers for purchase or a formula.  

Will do.I've found some construction bridge loan opportunities in other states that I need someone to do due diligence on Terrific websites can be built for a song and I just don't know how to vet the owners.

Once you got the formula figured out, I promise you will look at expensive markets with a different set of eyes.  

I do my offers based on the formula.

Particularly filling in your own GC formulas and adding another sheet so you can do a vlookup to sort by contractor.

Adam BartomeoI think that's exactly the kind of formula I'm going to follow from now on.

Any advice is greatly appreciated.David,Here's what I do for my multi-family buyers:Yes it is hard to estimate for maintenance because of a lot of variablesBut I know its expense is less for more units, for things like 16+ unit buildings, onsite maintenance room for storage materials, onsite employees use less hours to do work ordersSome entities even volunteer their residents to pick up grounds, hence minimizing your maintenance costsIf hdsupply.com accepts your account they specialize in multi-family buildings and you don't have to use man power for delivery or pickups And yes, you can do analysis paralysis but it might help you the bank's formula DCRThe 1031 buyers look at expenses differently Yes there's a number per door, e.g. if the units have been neglected you will spend at least one month's rent in turn ready unit expense    An organized well lubricated team should turn ready units in 2-3 daysPay close attention to the human factor, i.e. low self-esteem employees who will take longer to turn ready units or do work orders with poorly workmanship, theft, etc In capital expenses, concentrate in a few and more expensive to start with, AC, plumbing, electrical