Then if he has the same information from 3-4 more purchasers and the cap rate comps are in a range say 8.75 - 9.25% he'd make adjustments to his potential property and say he thinks a 9.1 best reflects his property and would use that cap rate against his a analyzed NOI and come up with a market value.  

The depreciation deduction and the corresponding reduction in basis reflects that degradation.  

Since (I hope) you're dealing with owners on off-market sales, you can put an offer that reflects numbers that work for your B&H investors.

The errors in grammar and spelling reflected my mind of the moment when the post was written, turbulent and out of focus. 

All in all, vastly different services I get between locations, but the amount I pay also reflects that.

Your schedule-k's are going to reflect on your state income taxes.

I would ask for proof of the policy and also ask the seller and organization for proof of any other insurances that they carry, as well as lease copies that would reflect current liability terms. 

If you want to own it, but let employees run it and report to you, then your pay roll needs to reflect having capable people on site...Thoughts?

If acquired after the last tax filing year, Schedule E will not reflect rental income or expenses for this property.

If that is a true reflection of what this park is like it is no wonder that he hasn't paid his taxes and is facing foreclosure!