Reason for asking is that I am trying to understand what a reasonable target rent per unit is for specific geographical areas. 

If you sell for a net sales price of $1 mil and buy for a net purchase price of $700K you will owe tax on the difference of $300K.BP may have a capital gains calculator you can use.  

Now the details, price, condition etc.. 

Hey @Dennis Maynard - in my experience, prices can vary wildly in Tokyo.  

The only reason I got an LLC was to buy a commercial property because it was a requirement of the lender.

@Jeff Ryan What was the purchase price of this MH?

@Kyle Knudsen, There's a couple reasons why this wont work unfortunately.1.

Yes, Oklahoma is a great market to consider, especially for multifamily properties:Affordability: Oklahoma City (OKC) and Tulsa have duplexes and small apartment buildings within a reasonable price range.Landlord-Friendly Laws: Makes property management less stressful.Stable Cash Flow: Properties in Oklahoma often meet or exceed the 1% rule, providing consistent rental income.Growing Economy: Both cities are seeing population and job growth, boosting demand for rentals.Tips for Getting Started:Do Your Homework: Use tools like BiggerPockets calculators to analyze deals and ensure cash flow.Focus on Neighborhoods: In OKC, check areas like Yukon, Edmond, or Midwest City.

I'd pass OR get it at a no brainer price which we are actually able too in some instances, even if it's listed.

Having reasonable expectations, hiring a local professional (Realtor or PM), doing your research, and doing everything right (i.e. pro photos, professional design, good renovation, proper amenities and location, etc) are the keys to success in 2025.