Pull 40% off for estimated expenses leaves you at $38736 for an NOI and with a 8% CAP rate your at $484200 for a value of the MHP.   

If it is due to the company either pulling out of the market or changing their guidelines that is best because it is not anything specific to your property. 

Here's a link to the CSLB license check.https://www.cslb.ca.gov/OnlineServices/CheckLicenseII/CheckL..One thing though...in my 33 years of contracting, I've had dozens of illegal permits pulled under my number leading to major problems.

I need to pull cash out of a property.  

I'd also check if renovations were done and if so were permits pulled? 

Keep doing the research from now until you buy and keep saving up that money to be ready to pull that trigger.

Can you pull data on what competition is doing with/without each option?

Thanks, Nick,did you ever pull the trigger on building in BR?

Hello Andy, if your 1st property is finished you will be able to pull 75-80% of the market value out of it, if you have a minimum of a 660 Credit Score you can get a DSCR rate which will be in the high 6 to low 7% range.

Howdy BiggerPockets Fam, I feel like I'm in a good place  to finally pull the trigger and invest in my first multi-family property.