CAP Rates can be a beautiful thing, they allow an investor to get a quick comparison of properties without digging too deep into the deal.When using CAP rates on MHPs I want to give a few warnings because there are additional variables to consider.

.- Jon :  If that is your goal (which it should be) then the percentage of DSTs that have met that expectation is far lower than 95%-----> thank you, it's worthed to give more deep analysis on this.

We just don't have that much of them, so I wouldn't hold your breath waiting for a unicorn, because when one does hit the market, there are 1,000's of others waiting for the same thing and many are cash buyers. 

The experience is needed, he will have to hold his breathe on larger profits until they can gather the experience to build solo.)You as the home owner....

Sorry I’m elbow deep in cough medicine… Oh yes.

Lawyers and plaintiffs don't only go after individuals/businesses with deep pockets4.

We took a deep dive and had success. 

A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

I ask because IMO dressers are by far the hardest thing to shop for that checks all the boxes (quality slides, deep drawers, looks nice) without breaking the bank, which multiplied by several bedrooms can really add up. 

The high risk high reward play here, for those with the deep pockets and appetite for risk.- Try to figure out where McDs likes to build.