If your average heating bill is $150, you may not collect enough in the winter months when the bill reaches $225 but you'll collect extra in the summer when it drops to $65.

Granted you can get a judgment against them if they stay longer, but good luck collecting on it.

What's going for New Jersey is we have a lot of well paying jobs, so the rental demand and collected rents and are very high in comparison to many other places in the country.

Without the lease a buyer has no legal means to collect rent from a tenant or evict them for nonpayment.2.

btw, we;ve bought and sold over 1,000 properties for our own inventory and that was the only time we ever collected on a title insurance claim.David Krulac, Bigger Pockets Podcast #82

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

He claimed the only way to place a lien on another person's MH title is to have the owner accompany me to the DMV and we both would sign a specific form, in other to place the lien.I promptly informed him that, in cases of collections and back rents, nobody would willingly allow another person to cloud the title of their mobile home!  

Case workers look at things such as disability, are the potential tenants collecting food stamps, child support, do they have other income, SS, how many children, what ages are the children etc etc etc.....In your earlier comment you said average for 3bedroom is around $900.

The area I am targeting is a vacation destination that is rather seasonally resilient (working theory backed by decent to moderate research so far).If I can get past the zoning hurdle specific to mainly "wastewater" - referring to the collection of the toilet, shower, and sinks discharge - I want to purchase 10+ acres that allow me to scale to something quite significant in time. 

I paid the lot rent ($550)for 2 yrs on an empty house when I could have been collecting rentDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?