He makes the point that SCI did not buy this park for redevelopment but instead is buying it to help conserve the available stock of mobile homes (the largest group of unsubsidized low income housing the US) for the future while making a nice profit for investors.  

@Marielle Walter We'll have 10 micro-units on this one, cash on cash is going to be a little bit over 16% on the conservative side, depending on the area and type of property there's different property management companies I would recommend but we will be managing this ourselves.

It should be about 60k profit, about a month and half, 2 months conservatively, on rehab.

This is way more conservative than a lot of people I talk to and has definitely meant that I lost out on opportunities, but it gives me bigger peace of mind and in shifting markets I feel better prepared to adapt if need be. 

This could improve your margins.Occupancy Rate: A 60% occupancy rate seems low for Jax Beach, but that is a reasonable conservative baseline. 

Note when i do underwriting for my purchases, i run significantly more conservative underwriting (since 2022 i have been depiction $0 near term (5 years) appreciation for one example.  

The land value is, conservatively, $120k.

If it were 2007 all over again and you knew you could sell at a record high, and invest your capital into conservative bonds and wait until the market corrected, would you?

It is typically lower than cash-on-cash and you can put it somewhere around 6% conservatively.

So someone that would be considered to be a "great" syndicator to say an aggressive investor, will look pretty awful to a conservative one (and vice versa).