Zac, Modular homes are not "trailers", just factory built homes that come in sections and assembled / set on your foundation in a matter of hours.

Given that we have bought this property for a below-market price we have a slight hedge built in already, but I've also assumed an exit cap rate that is higher than today's prevailing cap rates.One significant mitigating factor is increased income as a result of rent growth, which is pretty significant in the area at the present time.

Since newer constructions used pre-fab factory made trusses instead if the old school rafter, you loose most of the square footage of the attic.

After all the GI's came home, they started popping out children and getting factory jobs, so that opened up a huge market for low-cost real estate development.

However if there is the ability to upside manage it, that would be a compensating factor. I

My mum's side owns a factory which sits on 3,300 square metres of land (35,521 square feet).My dad has told me that back in 2007 he spoke to the architect who helped to design the factory.

I work a factory job for 40-56 hours a week as well as manage my 19 units and try to be a present father and husband.

The MOST influential factor is the lenders/investors ability to increase yield or reduce risk.

Thanks for the feedback everyone.Interestingly I was looking at some older threads on this subject and they generally had more positive things to say about them.I do have the window decals and I have been meaning to put one of those on since I don't think those have the same tacky factor. I

This one factor is critical when understanding the target market.