Quote from @Matthew Cook: Dig into those comps with a realtor doing business in that market.

Usually OH and IN are the two main states they I have seen booming business in for 204 unit REI's.

It's a business - acquiring/building, managing, and growing a business. 

All too typical park owner who took all the profit out of the park without reinvesting in the business then wants to sell you the potential he was too cheap to invest in. 

If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal. 

If you find a solid, boots on the ground realtor/PM who has experience in the flip business you should be fine. 

If you're an investor Broker / Property Manger in this business you get 100's and 100's of investors reaching out to you wanting to spend the day with you while they are in town.

This is the cost of doing business.

I figure this would be really helpful for anyone in our business.

Quote from @Bob Asad: So I read that you can keep the last month's rent in your own account because it doesn't need to be separated; however, security deposits cannot be mingled with the landlord's other accounts or business funds.If that's the case (in Florida), does anyone know if you have 2 SFH, then do you need two separate savings accounts for each tenant's security deposit or can you combine them?